IHTM25108 - Valuing the partnership interest: Goodwill

There is no goodwill in farming cases, but in all other cases you should ask the taxpayer to state how the goodwill has been valued, or why nothing is included for goodwill (as appropriate).

Refer the file to Shares and Assets Valuation (Goodwill) once the values of all other partnership assets have been agreed, but if the case involves land do not delay referring if early agreement with the Valuation Office (VO) ( IHTM23002) looks unlikely.