In certain pre-grant cases where a foreign domicile is claimed,
the IHT caseworker may ask SAV to consider and advise informally on
the value of unquoted shares and to comment on the availability and
extent of business relief. These cases should receive urgent
attention at all stages and file movements should be by hand.
On receiving a request, SAV Information Support will (if
necessary) obtain the latest accounts from Companies House. Most of
these valuation requests are dealt with by Information Support but
occasionally it may be necessary to allocate the case for
consideration to a general team, or specialist case worker, as
appropriate. Such requests must be dealt with as a matter of
urgency.
This procedure is designed as a safeguard against a
pre-grant foreign domicile case being assessed to tax on the basis
of a substantial undervaluation of the unquoted shares when there
may be serious problems in obtaining payment of the tax properly
due after the grant has been issued.
| Additional Guidance: SVM150000 |
