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HMRC internal manual

Shares and Assets Valuation Manual

HM Revenue & Customs
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Capital Gains Tax procedures: values agreed in error by the Inspector (Inspectors’ Agreements)

Inspectors are instructed not to agree values of unquoted shares or securities for CGT purposes without reference to SAV. If an Inspector does agree a value in error without consulting SAV, the mistaken agreement is no bar to SAV’s consideration of the valuation of shares at the same date for a different taxpayer or for the same taxpayer on a later occasion for example a further part disposal.

If an Inspector’s Agreement causes a problem, you should notify the Inspector and advise him/her to deal with the matter.

  Additional Guidance: SVM150000