IHTM18074 - Action when notified of listed investments: referrals checked and returned

PC&Sor Shares and Asset Valuation (Foreign) will check your referral or form 516 (IHTM18080). They will make comments and annotations directly onto the form in green ink.

• If you are informed that any values can be agreed, accept them without further query or investigation into dividends etc.
• You may be asked to obtain further information, such as a fund manager’s letter (IHTM18095). Ask the taxpayer for the appropriate details.

If you are advised of any amendments exceeding de minimis levels(IHTM18042), consider whether the amounts involved are worth pursuit, given Risk Assessment (IHTM07100) guidelines. Where it is worthwhile, inform the taxpayer of any amendments and re-assess (IHTM31018) as appropriate.

If the taxpayer disputes the amendments, review the valuation instructions (IHTM18090), and notify the taxpayer how the investment should be correctly valued.