We have a valuation of hsares at 31 March 1982, which needs to be discounted for minority shareholding.
My friend is very reticent to put any valuation in as the amounts are not big, and would prefer to play on the safe side and just insert nil. They were a gift.
Is a nil valuation permissible? Getting a proper valuation may cost more than the tax saving inserting a figure other than nil would produce.
Your comments are appreciated and valued.