SVM107040 | Capital Gains Procedures: Notification of Agreements

You should notify the instructing office of values agreed for CG by e-mail.

In general, one of the following options will apply:

a - the valuation has been agreed with the customer; or

b - the customer’s valuation has not been negotiated but may be accepted as returned; or

c - the valuation has been agreed on a without prejudice basis by or on behalf of the customer; or

d- the value provided is an informal opinion of value and has not been negotiated; or

e- you are not agreeing any value because, for example, you consider that the gain is entirely covered by relief(s)

It is important that you explain clearly to the instructing office if your agreement is qualified- For example, for “without prejudice” agreements you should make it clear that the value agreed relates solely to the current agreement and that in no circumstances must any further valuation of shares in the company be agreed without reference to SAV.

Additional Guidance: SVM150000