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Existing use value (EUV) for UK public sector financial statements [Electronic resource]

By: Contributor(s): Language: English Series: RICS Professional StandardPublication details: London, Royal Institution of Chartered Surveyors, 24 July 2023Edition: 1stDescription: 63pISBN:
  • 9781783214990
Subject(s): Online resources: Summary: This professional standard provides practical advice, guidance, consistency and clarity to RICS members in the UK on the interpretation and application of Existing Use Value (EUV) valuations of owner-occupied operational properties in public sector valuations when used for financial reporting purposes. EUV is the prescribed valuation basis as defined in UK VPGA 6 of the RICS Valuation – Global Standards: UK national supplement. The content is intended to assist members by explaining and reaffirming the principles of EUV when used in the public sector financial reporting context and to enable a more consistent approach. While the geographic scope of this standard is the UK, many of the principles are globally applicable and may support RICS members outside the UK.
Holdings
Item type Current library Call number Status
Online material Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) Available

Published July 2023, effective 1 October 2023. Please note: The cross references in this standard relate to the updated Red Book UK national supplement, which is due to publish later in 2023.

This professional standard provides practical advice, guidance, consistency and clarity to RICS members in the UK on the interpretation and application of Existing Use Value (EUV) valuations of owner-occupied operational properties in public sector valuations when used for financial reporting purposes. EUV is the prescribed valuation basis as defined in UK VPGA 6 of the RICS Valuation – Global Standards: UK national supplement. The content is intended to assist members by explaining and reaffirming the principles of EUV when used in the public sector financial reporting context and to enable a more consistent approach. While the geographic scope of this standard is the UK, many of the principles are globally applicable and may support RICS members outside the UK.