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HMRC internal manual

Stamp Duty Land Tax Manual

HM Revenue & Customs
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Compliance: Liaison

Valuation office: General

When a valuation is required during the course of an enquiry, the compliance caseworker will remain responsible for the enquiry and the valuer will act only on the caseworker’s advice.

A valuation may be required where

  • a transaction is not at arms length and you have reason to believe that the transaction is not at market value
  • a transaction is just below a threshold and the purchase price has been apportioned between land and other assets
  • any case where it is believed that the stamp duty land tax may have been artificially reduced by the manipulation of the value of assets
  • when the consideration consists of anything other than cash, including assets or services

Effective co-ordination of enquiry work needs close contact and co-operation between Stamp Office staff and the valuer. The progress of any valuation undertaken as part of an enquiry should be actively monitored to ensure that the valuer is not faced with any unnecessary delay in reaching agreement.

Shares and Assets Valuation (SAV)

Among the assets valued by SAV are

  • unquoted shares and securities
  • goodwill
  • residential property outside the UK
  • ships, aircraft, caravans and similar chattels
  • bloodstock or livestock
  • patents or copyright
  • know-how and all other types of intellectual property
  • rights to deferred consideration from other disposals

There are SAV offices in Edinburgh and Nottingham. See the Shares Valuation Manual for further details of which office to contact.

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

Valuation Office Agency

The Valuation Office Agency is responsible for providing advice on valuations of land and buildings. Advice is provided by one of the nine District Valuer Services Units covering England, Scotland and Wales. They can provide advice on the following

  • valuations of all land and buildings in England, Scotland and Wales and commercial property outside the UK
  • the apportionment of sale prices for all land and buildings in England, Scotland and Wales and commercial property outside the UK
  • valuations of large land portfolios
  • valuations of the right to receive unascertainable consideration arising from the sale of land and buildings
  • valuations of lordships of the manor
  • valuations of some types of free-standing plant and machinery

In addition they can also assist by providing information such as details of property transactions, rating assessments and council tax assessments.

Further information and guidance can be found on the VOA website (see