CG16613 - Valuation: post transaction valuation checks: action on receipt of return

If a valuation has been agreed, you should check that the agreed valuation has been used in the Return. Any technical issues relating to the form of the computation, even where they demonstrate that the agreed valuation is no longer needed, will require an enquiry under TMA70/S9A.

We will consider ourselves bound by any prior agreement to a valuation unless there are any material issues that were not brought to our attention that affect the basis on which agreement has been reached. We do not consider ourselves bound to accept a computation merely because it has previously been submitted as part of a post transaction valuation check.