Master of Arts
Parnell, N.
Master of Arts - 1988 - Taxation 121(3166) 16 September 1988, 544-546(3) .
Explains why the valuation of chattels can be such a difficult task, outlining the requirements and basis for valuation, auctions as a guide to determining the true market value, the Inland Revenue `s position with regard to sales of chattels, retrospective valuations for capital gains tax and no sales. Also briefly highlights other factors which play a part in the valuation process; rarity, artistic merit, size, subject matter, art historical importance, provenance, condition, fashion and comparables.
CHRISTIES
Master of Arts - 1988 - Taxation 121(3166) 16 September 1988, 544-546(3) .
Explains why the valuation of chattels can be such a difficult task, outlining the requirements and basis for valuation, auctions as a guide to determining the true market value, the Inland Revenue `s position with regard to sales of chattels, retrospective valuations for capital gains tax and no sales. Also briefly highlights other factors which play a part in the valuation process; rarity, artistic merit, size, subject matter, art historical importance, provenance, condition, fashion and comparables.
CHRISTIES