Capital Gains Tax procedures: introduction
This chapter outlines SAV procedures for dealing with requests for valuations of unquoted shares and securities for Capital Gains Tax (CGT) purposes.
The legislative provisions relating to the taxation of Chargeable Gains are contained in the Taxation of Chargeable Gains Act 1992 (TCGA 1992).
For technical instructions on CGT please refer to the Capital Gains (CG) Manual.
Technical advice on CGT and corporate gains is provided by Capital Gains Technical Group. Inspectors can request general or case specific advice in writing from the Technical Group by following the instructions on the ‘Technical Help’ menu on the Intranet version of the CG Manual. The specialists at CG Technical Group are happy to assist SAV resolve complex or difficult CG technical problems. However, if you have concerns about the correctness or fullness of valuations requested by the Inspector for CGT purposes you should initially take these up with the instructing office. If the Inspector is not able to assist, you should not approach Technical Group without consulting your manager.
|Additional Guidance: SVM150000|