Post transaction valuation checks
HMRC have updated the form used by taxpayers to request a post transaction valuation check (PTVC).
PTVC is a service offered by HMRC to check valuations after a disposal has been made but before the completion of a self assessment return. PTVC can also be sought for a deemed disposal following a claim that an asset has become of negligible value.
The revised form CG34, which is used for PTVCs now shows to which office the form should be sent. In most cases this is in Bristol but companies are advised to send the form to their local office. There are specific instructions for some other taxpayers too.