Shares and asset valuations for tax purposes

The Shares and Assets Valuations (SAV) team is a special section of HRMC that deals with enquiries in respect of the valuations of unquoted shares - shares of companies which are not quoted, listed or traded on the stock exchange for taxation

The Shares and Assets Valuations (SAV) team is a special section of HRMC that deals with enquiries in respect of the valuations of unquoted shares – shares of companies which are not quoted, listed or traded on the stock exchange for taxation purposes. 

The office also deals with other asset valuations including:

  • intangible assets (for example intellectual property, trademarks, patents, goodwill)
  • foreign shares
  • bloodstock
  • chattels
  • foreign residential property
  • boats, aircraft and a range of other assets

Valuations are required in many circumstances including acquisitions, disposals, issue of certain share options and transfers as a gift or upon death. Requests for valuations should be sent initially by post. HMRC will only email you with confidential information if given written agreement that they can do so. The SAV office can also help with Post Transaction Valuation Checks for the disposal of assets.

The SAV does not provide valuations for:

  • aircraft
  • bloodstock (for example, racehorses and livestock herds)
  • boats
  • chattels (such as antiques, art and jewellery)
  • foreign residential property
  • foreign shares
  • intangible assets (such as intellectual property, trademarks, patents and goodwill)
  • negligible value claims
  • quoted and unquoted shares
Source: HM Revenue & Customs Mon, 03 Apr 2023 00:00:00 +0100

Latest INSIGHTS

Check out our latest Insights for useful accounting tips and information.

What is a group company structure?

A group is formed when one company has control of, owns, a number of subsidiary companies.

A group is different to an arrangement where an individual owns a number of companies personally. In this case the companies would be called associated or

Read More

Is your income over £100,000?

If you earn over £100,000 in any tax year your personal allowance is gradually reduced by £1 for every £2 of adjusted net income over £100,000 irrespective of age. This means that any taxable receipt that takes your income over £100,000 will result

Read More

Connected persons for tax purposes

The definition of a connected person for tax purposes varies.

A statutory definition of “connected persons” for Capital Gains Tax purposes is set out in Section 286 of the Taxation of Chargeable Gains Act (TCGA) 1992.

The legislation

Read More