HMRC have several specialist departments dealing with the valuation of various kinds of asset and reference may be made to the appropriate specialist of cases where it is necessary to determine the market value of assets other than quoted shares (as to which see C2.122)1. This will be the case where an asset is transferred between persons who are not at arm's length or in other circumstances described in C2.109.
Shares and Assets Valuations (SAV)
Apart from valuations of land and buildings in the UK, foreign commercial property, plant and machinery, mineral bearing property and waste management operations, which are dealt with by the Valuation Office Agency2, other valuations are referred to HMRC Shares and Assets Valuations (SAV). HMRC guidance is available at Shares and Assets Valuation.
The valuation of shares in unquoted companies has to be
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