Securing agreement to a valuation before tax is payable provides certainty to the taxpayer and can avoid the opening of an enquiry into the tax return. Some simple steps can assist in the process of getting an appropriate value agreed: ensure that the valuation is prepared on the correct basis and use the appropriate information; and submit the valuation to the correct HMRC office
Securing agreement to a valuation before tax is payable provides certainty to the taxpayer and can avoid the opening of an enquiry into the tax return. Some simple steps can assist in the process of getting an appropriate value agreed: ensure that the valuation is prepared on the correct basis and use the appropriate information; and submit the valuation to the correct HMRC office