SVM107010 - Capital Gains Procedures: Introduction

This chapter outlines SAV procedures for dealing with requests for valuations of unquoted shares and securities for Capital Gains (CG) purposes.

The legislative provisions relating to the taxation of Chargeable Gains are contained in the Taxation of Chargeable Gains Act 1992 (TCGA 1992).

For technical instructions on CG please refer to the Capital Gains (CG) Manual.

Technical advice on CG and corporate gains is provided by Capital Gains Technical Group (CGTG). Instructing Officers can request general or case specific advice in writing from CGTG by following the instructions on the ‘Technical Help’ menu on the Intranet version of the CG Manual. The specialists at CGTG are happy to assist SAV resolve complex or difficult CG technical problems. However, if you have concerns about the correctness or fullness of valuations requested for CG purposes you should initially take these up with the instructing office directly. If they are not able to assist, you should not approach CGTG without consulting your manager.

Additional Guidance: SVM150000