BIM51595 - Builders, property dealers & developers: valuation: not negotiated valuation: tax effect

On receipt of a not negotiated valuation from the District Valuer where there is current tax at stake on the basis of that valuation, you should write to the taxpayer enclosing a copy of the computation based on the District Valuer바카라 사이트™s valuation and state that you would be prepared to agree the profit or loss on the basis of that valuation. You should:

  • point out that the valuation has been made on the basis of the information presently available to the District Valuer; and
  • invite agreement to the computation. If agreement is obtained, you can settle any enquiry or open an appeal accordingly.

You should only take this action where the District Valuer바카라 사이트™s not negotiated valuation gives rise to a substantial adjustment (see BIM51570). Otherwise, the accounts figure should be accepted.