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HMRC internal manual

Shares and Assets Valuation Manual

Liaison with Valuation Office Agency and other offices: Land Portfolio Valuation Unit

This unit specifically deals with the valuation of property where a large number of valuations are required (as well as supporting SAV on trade related property valuations under the PGA project – see SVM115090).  The Land Portfolio Valuation Unit (LPVU) recommends a minimum of thirty properties are involved but will assist and agree best approach where there are smaller or larger numbers and a sample or risk based approach is needed.  However, if you are looking at a significant portfolio, please refer to the Service Delivery Team (SDT) HO for advice.

The unit will carefully select a sample of properties to be valued and where appropriate extrapolate the results to provide an informed view of the entire list of properties referred.

The unit will deal with all the administrative work from receipt to conclusion including referring cases to the individual Valuation Offices and monitoring each case.  They will provide a focal point for contact with the individual VOA caseworker.

They will provide a regular (bi – monthly or as agreed at referral) update covering case progression and outstanding matters.  The initial report will be received 6-8 weeks after the instructions are received.

With substantial portfolios the Unit will aim to issue not negotiated advice for the entire portfolio within an average of 60 working days of receipt of the case or from receipt of essential information.

Valuers should refer the case to the SDT who will approach LPVU .  Valuers should not approach the unit direct.  The unit will undertake valuations for other taxes as well as CGT.


  Additional Guidance: SVM150000