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HMRC internal manual

Shares and Assets Valuation Manual

Capital Gains Tax Procedures: Notification of Agreements

You can notify the instructing office of values agreed for CGT on form Val 30, by memo or by e-mail.

You must select one of the following options when notifying the agreement on form Val 30

a - the valuation has been agreed by the taxpayer, or,

b - the taxpayer’s valuation has not been negotiated but may be accepted as returned, or,

c - the valuation has been agreed on a without prejudice basis by or on behalf of the taxpayer, or,

d- the value provided is an estimated value and has not been negotiated.

The wording of these alternatives should not be amended. Any additional information should be given in the section for comments on the computer template.

If you are not using the form Val 30 it is important that you explain clearly to the instructing office if your agreement is qualified. For example the Val 30 for “without prejudice” agreements makes it clear to the instructing office that:-

‘The value agreed relates solely to the above agreement. In no circumstances must any further valuation of shares in this company be agreed without reference to Shares and Assets Valuation.’

If you are not agreeing any value because, for example, you consider that the gain is entirely covered by relief(s), you should make your report to the instructing office by memo or e-mail.

  Additional Guidance: SVM150000