CG16600 - Valuation: post transaction valuation checks: introduction

From 1 April 1997 the Inland Revenue introduced a new service to allow individuals and trustees to refer CGT valuations to their Tax Office for checking after the transaction has taken place but before the relevant Return is submitted. The service will help taxpayers complete their Self Assessment Return and will help us by spreading workloads away from peak filing times.

The service was extended to companies when CTSA was introduced.

All types of asset may be included in the service, for example land, quoted or unquoted shares or chattels. There is no charge to taxpayers for the service.

The instructions below explain

• what information taxpayers must provide, see CG16603
• what action you should take if you receive a request to check a valuation, see CG16606
• what action you should take when you receive the Return, see CG16611.