HMRC has published amendments to its Shares and Assets Valuation Manual as part of which it has extended the period for which an agreed valuation of unquoted shares will remain valid for the purposes of grants under a tax-advantaged share plan from 90 to 120 days.
This 120-day period is relevant only to valuations in relation to tax-advantaged employee share plans i.e. EMI options, CSOP, SAYE and SIP.
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