Shares and Assets Valuation Manual

SVM114030 - Information Standards: Valuations to which the Finance Act 1973 Legislation applies

Capital Transfer Tax/Inheritance Tax

Market value for IHT purposes is defined under section 160 IHTA 1984. It applies to transfers on death, during lifetime or charges in connection with non interest in possession settlements.

Capital Gains Tax

Market value for CG purposes is defined under section 272(1) TCGA 1992

Income Tax

For valuations under ITEPA, see SVM109030 and SVM109040.

Additional Guidance: SVM150000