CG64868 | Private residence relief: permitted area: Report from Valuation Office (VO)

Following an inspection of the property and, where appropriate, negotiation with the taxpayer, the VO will report either:

• As returned - where the taxpayer’s opinion of the permitted area is accepted, or

• Agreed - where the VO has negotiated with the taxpayer and an agreement has been reached, or

• Unagreed - where the VO has been unable to reach agreement with the taxpayer.

Where you receive an ‘as returned’ or ‘agreed’ report you may proceed to agree the amount of any gain on the basis of the VO’s report.

Where you receive an ‘unagreed’ report you should refer to the guidance at CG64878.