IHTM18244 - Teamworking with Shares and Assets Valuation: responsibility for conduct of the enquiry

As the case owner, you have overall responsibility for the conduct of the case. You must be proactive in helping to resolve any difficulties encountered by Shares and Assets Valuation (SAV) ( IHTM18141).

For example, if the Valuer encounters difficulty in obtaining relevant information, it is your responsibility to obtain it (together with any other outstanding information required in the case as a whole) from the taxpayer, if necessary by way of a Notice under IHTA84/S219

Notice of Determination

• The decision to issue a Notice ( IHTM37001) to determine the value of unlisted shares or any other asset valued by SAV remains the responsibility of the Share Valuer.
• However, the Valuer will only pursue this course of action after full discussion with you, the case owner.
• You may be asked to draft and issue the Notice. In this case, you must agree the content with the Valuer and only issue it at an agreed time.

In the course of any discussions with SAV, you must provide constructive assistance to bring the valuation to a conclusion and ensure that any enquiry into a value returned is still relevant and worthwhile.

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