Inheritance tax manual - Appendix 13: Form VO 1103 - advice to IR(CT) on state of negotiations

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Appendix 13: Form VO 1103 - advice to IR(CT) on state of negotiations

All text amended

IR (Capital Taxes)
* Ferrers House/Dorchester House/Meldrum House

Mailpoint *

Interim Report

*
Deceased*Transferor*Settlement

*Part 1

I am at present unable to complete my valuation in respect of (Item No *) because the parties have *failed *refused to supply information.

  • *The following documents are attached: *
  • *The information requested is required because: *
  • *On the information currently available to me, my estimate of *value *opinion in respect of (Item No *) is:
  • *In arriving at this *estimate *opinion, I have assumed that: *
  • *I am unable to supply an estimate of *value *opinion in respect of (Item No *) on the information currently available to me

*Part 2

* was notified of my opinion of value in respect of (Item Nos *) on * and a reminder was sent on * .

My opinion of value is £*
The parties latest figure is £*

  • *Negotiations have now commenced with *
  • *The parties have failed to respond
  • *The parties have advised that they are not prepared to negotiate at present in respect of (Item No *) because it is on the market for sale at an asking price of £*.

*Part 3

The current position in respect of this reference is *

*Part 4

This reference has now been outstanding for 6 months and a case review is now required

My opinion of value is £*
The parties latest figure is £*

The current position is: *

*Part 5

Negotiations have reached an impasse

My opinion of value is £*
The parties latest figure is £*

  • Negotiations have stalled because: *
  • A copy of the most recent exchange of correspondence is attached.

Is a determination of value warranted?

*
District Valuer

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