The Post Transaction Valuation Check service provided by HMRC to
help individuals and trustees complete their Self Assessment tax
returns has been extended to companies under CTSA. Companies should
send form CG34 (which has been amended to cover companies), with
full information about the transactions to which the valuations
relate, and any relevant computations, to their HMRC office. The
guidance notes on form CG34 set out all the information and
documents that need to be provided. Companies may obtain forms CG34
from any HMRC Enquiry Centre or office.
CTSA PTVCs should be handled in the same way as others. You
need to keep the Inspector informed of progress at all stages and
to ensure that an enquiry has been opened if negotiations of a
valuation continue beyond the time when a CTSA return has been
received.
If you consider that any CTSA PTVC has been used to pre-empt
information being taken into account in arriving at a value that
might otherwise have become available later, please refer the case
to your Assistant Director.
| Additional Guidance: SVM150000 |
