IHTM23223 - Procedure in the VOA: inspection and valuation

Where the VOA ( IHTM23002) cannot accept the value at the initial appraisal ( IHTM23222), cases move into the inspection and valuation stage.

An inspection and valuation exercise will usually comprise one substantive exchange with the taxpayer about value after inspection. The VOA may

• accept the value offered
• put forward an alternative value
• agree an intermediate value following a counter valuation from the taxpayer

The time scale and target to reach a conclusion in this stage is a maximum of 3 months (60 working days).