Agricultural tenancy, hypothetical purchaser

Appointments and

Appropriated assets

Ascertained values

Asset derives its value from land

Assets

Assets held on 6 April 1965

Assets held on 6 April 1965 time-limit for election

Assets pre-6 July 1973

Benefits-in-kind

Calculation of taxable gains

Capital gains tax

Chargeable gains

Appeals

– see Appeals

Best price

Buildings

Client book, method for accountancy firms

Goodwill in accounting practice, multiple of gross recurring fees as basis

Hypothetical purchaser

Hypothetical vendor

Ignored restrictions

Land

Land subject to tenancy

Negligible values

Occasions when valuation is not required

Reasonable prudence

Shares, calculation of market value

Shares, date of death

Shares, inclusion of goodwill

Special purchaser

Unquoted shares, costs of appeal

Valuation required for

Companies, compliance costs

Customs duties

Death

Pre-31 March 1973

Principle in Gray v IR Commrs

Devaluation of sterling

Foreign insurance funds

Securities acquired with borrowed foreign currency

Dwelling house, removal of conservatory by assignees of lease

Employment-related securities, disposal for more than market value

Enterprise management incentive shares

Estate duty

Estimated valuations

Ethane, petroleum revenue tax

Exchange control restrictions pre-13 December 1979

Expenses relief

Farm stock and crops etc.

For inheritance tax

Generally

Gifts and transactions between connected persons pre-20 March 1985

Gifts holdover relief

Gifts of business assets

IHT binding for CGT, values ascertained for

Income tax on employment income

Inheritance tax

Agricultural property relief

Assets forming part of estate, free movement of capital

Business property relief

Estimated property valuation, executor acting in accordance with accepted principles

Farm cottages

Freehold and tenancy interest in land

Generally

Land

Leased or tenanted property

Limitation period, location of centre of company management

Quoted stocks and shares

Related property

Reserved rights of life annuity

Transfers on death

Unit trusts, value of holding at date of death

Unquoted shares

Unquoted shares and securities

Land subject to tenancies

Land, capital gains tax

Livestock

London Stock Exchange references pre-25 March 1973

Of assets on death

Part disposal of land

Pension scheme excess assets

Permitted area

Petroleum revenue tax

Crude oil

Gas

Light gases post-1 January 1994

LPG and condensate

Offshore fields, valuation point

Onshore fields, valuation point

Property

Quoted shares and securities

Quoted option

Special circumstances

Statutory rule

Unit trust

Real estate investment trusts

SAYE share option schemes

Self-assessment enquiries, unagreed capital gains tax valuations

Series of transactions

Servant's houses

Shares, recognised stock exchange

Single simple transaction

Stock

Change of method, inspector's refusal to apply practice statement

Change of persons carrying on trade, stock relief

Tax on trading transactions

Tenancies

Time-limit, company leaving a group

Trading stock

Change from one valid method to another

Continuing business

Discontinuance of trade

Transitional provisions

Unquoted securities

Unquoted shares and securities

50 percent holdings

Costs of appeal

Determination

Fixed interest

Influential minority holdings

Information available to the purchaser

Inheritance tax, open market value

Lack of marketability

Majority holdings

Minority holding

Minority holdings

Non-voting shares

Pre-emption rights

Preference shares

Quasi-partnerships

Restrictions imposed by company's articles

Shareholders' agreements

Small minority holdings

Statutory fiction

Transfer of shares, restriction

Value factors

Voting power

Work in progress

Generally

Work-in-progress