TaxPersonal TaxFree valuation extended.

Free valuation extended.

The Inland Revenue has extended a service that allows taxpayers to get free valuation figures to help them calculate their capital gains tax to companies. From this week companies may send valuations used in computing their capital gains to their Inland Revenue office for checking before they make their corporation tax self-assessment tax returns. This service was first set up in April 1997 under the new individual self-assessment system to provide individuals taxpayers and trustees with checks on valuations they use to fill in their tax returns.

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