IHTM09241 - Ascertained values: introduction
Where the value of property - most often land and buildings - has been established for Inheritance Tax purposes, that valuation is binding on both sides and must be adopted by both HMRC and the beneficiary in determining the latter바카라 사이트™s acquisition cost for Capital Gains Tax purposes (TCGA92/S274).
The term 바카라 사이트˜ascertained바카라 사이트™ has no statutory definition, but the judgement in the case of Stonor and Mills (executors of Margaret Evelyn Dickinson) v CIR (2001) STC (SCD) has approved our approach, which is that for a value to be ascertained some formality or agreement is required and a simple claim is not sufficient.