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Negotiating with the HMRC Shares and Assets Valuation
office
 Inspectors of Taxes initially refer the question of the value of unquoted shares, goodwill, and other business assets to the HMRC Shares and Assets Valuation
office for preliminary review. Where the value proposed to the Revenue is considered unacceptable, Shares and Assets Valuation will be instructed to negotiate and, if possible, agree value with the taxpayer or his representative.
A number of our consultants previously worked in the Shares and Assets Valuation office. We have extensive experience of conducting negotiations with Shares and Assets Valuation on behalf of our professional, corporate and personal clients. Our long history of successful achievement in this area reflects a number of factors, including:
- A comprehensive understanding of the statutory framework and related case law governing fiscal open market
valuations
- A detailed working knowledge of the methodologies, tendencies and general practice of the Shares and Assets Valuation
office
- An extensive historical library of research material, and access to information sources both in the UK and
abroad
- An in-depth understanding and analysis of the subject asset, necessary to optimise the valuation arguments presented in
negotiations
For 30 years, a successful record of agreeing unquoted share values for taxpayers.
Determining appropriate values and negotiating and agreeing them with the tax authorities has been a core business activity for
30 years. Since 1988 we have optimised 31 March 1982 base costs in respect of aggregate disposals in excess of £4 billion.
We believe our client's interests are best served if we undertake the initial valuation and then take the assignment through to an agreement with the HMRC. However, we are often consulted when negotiations over existing values have reached an impasse and a fresh perspective is helpful. In these situations, an objective review and expert advice can break the deadlock and give negotiations a new impetus.
For an initial review of the problem, we will usually need to see:
- 5 years audited accounts immediately prior to the valuation
date
- A copy of the Memorandum & Articles of
Association
- Copies of any correspondence with the HMRC to
date
We only undertake negotiations where we believe our involvement will provide net incremental benefit to a client's position. From a major disposal by public company to an individual's tax problem where only a few thousand pounds may be at stake, we can add value.
Please contact us
for more information or to make an enquiry.
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