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HMRC internal manual

Stamp Duty Land Tax Manual

Compliance: Liaison

Valuation office: Responsibility for valuation

Where a land transaction return is required under FA03/S76 the amount of the chargeable consideration needs to be computed in accordance with the statute.

If this requires a valuation it is the purchaser’s responsibility to provide it.

The Stamp Office is not responsible for obtaining or preparing valuations on behalf of a purchaser.

The valuation of assets can be a complex matter requiring professional qualifications. It is important if HM Revenue & Customs is to fulfil its obligations under the Taxpayers Charter that all purchasers are dealt with consistently. HM Revenue & Customs employs professional valuers to check valuations.

Where the asset on which the market value needs to be considered is any form of interest in land, then assistance is available from Valuation Office Agency. See SDLTM80360.

Where the asset on which the market value needs to be considered is other than land then assistance is available from Shares Valuation. See SDLTM80360.