Regulation 10 Reference of questions of value to other tribunals

A question in an appeal which is required to be determined in accordance with section 44(6), (7) or (8) of the Finance Act 1965 (questions of the value of land or unquoted shares or securities) may be referred to the appropriate tribunal by the Commissioners before whom the appeal is brought or, if the hearing of the appeal has not begun, by the inspector.

Commissioners to whom a question is referred in accordance with section 44(8) of the Finance Act 1965 shall hear and determine the proceedings in the same way as an appeal against an assessment, and section 12 of the Income Tax Management Act 1964 shall apply to the proceedings (but not so that subsection (4) thereof shall preclude the statement of a case under section 64 of the Income Tax Act 1952 on the determination of the proceedings).

Where any question in an appeal has been referred to another tribunal in accordance with section 44(6), (7) or (8) of the Finance Act 1965 the Commissioners before whom the appeal is brought may determine the remaining questions in the appeal and may at the request of any party (whether or not he declared his dissatisfaction immediately after that determination) state a case thereon under section 64 of the Income Tax Act 1952 without awaiting the determination of the question referred to the other tribunal.