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BIM51575 - BUILDERS, PROPERTY DEALERS & DEVELOPERS: VALUATION: NOT NEGOTIATED VALUATION For cases falling within BIM51570, you should ask the District Valuer initially for a ‘not
negotiated’ valuation. This should be done by memo. Do not use Form CG20, which is reserved for capital gains matters. The memo should include the following: * A full description of the
property to be valued. * The date at which the valuation is required. * The reason(s) why a valuation is necessary. * Details of the taxpayer’s interest in the property. For example,
freehold or leasehold. If the taxpayer held the property under a lease, a copy of the lease should be provided. * Details of any tenancy to which the property was subject at the valuation
date. For example, the rent payable and the duration of the lease. * A summary of the taxpayer’s involvement with the property. * A copy of the taxpayer’s valuation, including any valuer’s
report. * Any other relevant information or documents provided by the taxpayer. It is essential that you obtain and furnish the District Valuer with a plan identifying the asset in cases
where the valuation refers to: * undeveloped land, or * partially completed developments - in this instance also include details of the state of works at the valuation date. If multiple
property valuations are involved, see BIM51605. Previous page Next page Print this page
