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HMRC internal manual

Shares and Assets Valuation Manual

Tax Advantaged Share Schemes: effect of certain events on the price

Valuations may be required immediately prior to an event in the company’s history that has an effect on the share price, for example the profits have suddenly taken off or the company is thinking of going to the market in the near future. (The notes on flotation are at SVM110120)

You should try and obtain all the information that you consider is relevant and available. If you think there is something you are not being told, ask the agents. You may find that the company requests a valuation just before the end of its accounting year. In these situations you will need to be on your guard so that you can make an intelligent and informed view on the level of maintainable profits.

  Additional Guidance:SVM150000