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HMRC internal manual

Shares and Assets Valuation Manual

Liaison with Valuation Office Agency and other offices: Procedure for References

The VOA now operates with a single point of receipt for all SAV English, Welsh and Scottish cases (other than those sent direct to the Land Portfolio Valuation Unit – see SVM115010), at the Initial Appraisal Unit (IAU) Nottingham.

Multi-District cases

As the VOA now deals with the majority of its casework on an electronic database, cases where valuations are required in a number of locations (multi district cases) do not have to be treated differently.  A single request should be sent to IAU Nottingham.

In multi-district cases all correspondence with the VOA should be filed in the Sect 106 and the cover noted, as appropriate. In this connection values agreed with the parties should be noted in ink. Where a VOA caseworker reports an informal opinion of value, or a formal opinion which has not been agreed, this should be noted in pencil on the Sect 106.

In a multi-district case, any mineral undertaking included in the properties listed should be referred to the specialist mineral valuer within SAV before the forms SAV VOA1 have been issued to the Valuation Office Agency (VOA). See this chapter at SVM115100 regarding the valuation of mineral undertakings.

All relevant information should be given regarding each property including full address, tenure and details of any lettings (in other words the rent payable, the tenant, date of commencement and terms of the tenancy). Should it be necessary to make a reference without full information, a brief explanation of the reason should be given to the VOA.

The VOA requires that all cases are submitted to IAU Nottingham’s inbox rather than as a hard copy.  

 

  Additional Guidance: SVM150000