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»Ê¹ÚÌåÓýapp value of the right to receive the future payments is included in the consideration for the disposal. This principle was established in two tax cases, Marson v Marriage (54TC59) and Marren v Ingles (54TC76) see CG14990.

»Ê¹ÚÌåÓýappre is a separate chargeable occasion when each instalment of future payment is received.

To consider any computation of a gain provided you will need to know:

• what is to be valued, and
• what valuation the taxpayer wishes to put forward.

To review what has been returned you may need to obtain a valuation.

Where the original asset disposed of was land, see CG72880. For other assets, send the request for a valuation with a full copy of the relevant sale agreement to:

• Shares and Assets Valuation, Nottingham use Mailpoint, A (CS&TD)

Remember that if you are only risk-assessing a computation you may only need an informal valuation. Any request for a valuation should give -

• details of the original asset disposed of
• what is to be valued
• the date at which the valuation is to be made
• the name and address of the taxpayer
• the name and address of any agent
• details of any valuation supplied by the taxpayer.
• details of whether an informal or agreed valuation is required.