Submit agenda items for 25 February 2020 HMRC Shares and Assets Valuation Fiscal Forum by 14 January 2020

BVWire–UKIssue #9-1
December 3, 2019

valuation profession news
RICS, conference

Business valuers who wish to attend the forum this year should notify Helen Malone by close of business on 14 January 2020. The same applies for any BVWire—UK reader who wishes to propose an agenda item or topic of conversation.

The year’s meeting (the first since October 2018) will be hosted at RICS (Parliament Square, London) commencing 25 February at 1.00 p.m.

One topic already included for discussion in February is the recent First Tier Tribunal of the Tax Chamber’s Vantis Tax Limited decision (TC07404). The sole issue before the Tribunal was the market value of shares gifted to charities. HMRC contended that the shares in question were placed on the Channel Islands Stock Exchange (CISX) at inflated prices resulting in overstated tax relief claims in respect of the gifted shares. James Rivett QC appeared for HMRC, and John Friend of Kukar & Co represented two of the five appellants from Vantis.

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