SVM105050 - Self Assessment: Post Transaction Valuation Checks (PTVCs) - Processing PTVC Valuations

The Inspector should submit the request on a form CG30 or by memo. Inspectors have instructions to indicate that they are seeking advice on a valuation in connection with a PTVC case.

A request for a CGT PTVC should follow the normal processing route, but regard should be taken of the SA return dates- see SVM105060.

Occasionally SAV will receive a PTVC request from other offices outside the Local Compliance Network (e.g. Large Business Service, High Net Worth Unit etc). If one of those offices asks SAV to proceed with the valuation then we should do so.

Any ITEPA PTVC requests that are sent direct to SAV should be passed to File Creation Section (FCS) who will move them on to Local Compliance Nottingham (LCN).

At the conclusion of an ITEPA PTVC valuation, valuers should:

• Inform the agent/taxpayer accordingly
• If a change in value is agreed, send the SAV file to LCN via FCS

In cases where, prior to the passing of the filing date, the taxpayer/agent does not co-operate with SAV, the SAV valuer should inform the instructing office and await further instructions.