Post Audit Action: option to tax records
- make an note on EF of all the held properties, their “opted” status, Capital Goods Scheme details, and current usage as part of the EF Summary screen;
- update any existing list, for new options to tax, disposals and change of use;
- arrange to have GRID/Diamond updated, where necessary; and
- for any properties sold as TOGC, check GRID to ensure the purchaser waived exemption (opted to tax) by the date of transfer. Send a reference to the purchaser’s Risk team with the appropriate priority rating when there is doubt, or where the new owner will be responsible for continuing the CGS adjustments.