Valuing owner-occupied properties
Valuing owner-occupied properties
- 2003
- RICS Press Release 8 April 2003 (2) .
RICS has produced a new Valuation Information Paper on how best to value owner-occupied properties in company accounts. Owner-occupied properties currently appear at Existing Use Value in company accounts under UK accounting standards, whereas under International Accounting Standards (IAS), which come into effect for all EU listed companies in 2005, they would appear generally at Market Value. The information paper highlights the dramatically different results that this change could cause. The International Accounting Standards Board is presently reviewing the IAS that includes property re-valuation. "Valuation of owner-occupied property for financial statements" is free to all Red Book subscribers or can be purchased separately from RICS Books. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=898&faculty=RICS
OWNER-OCCUPIED PROPERTIES
COMPANY ACCOUNTS
ACCOUNTING STANDARDS
EXISTING USE VALUE
MARKET VALUE
INTERNATIONAL ACCOUNTING STANDARDS
RICS has produced a new Valuation Information Paper on how best to value owner-occupied properties in company accounts. Owner-occupied properties currently appear at Existing Use Value in company accounts under UK accounting standards, whereas under International Accounting Standards (IAS), which come into effect for all EU listed companies in 2005, they would appear generally at Market Value. The information paper highlights the dramatically different results that this change could cause. The International Accounting Standards Board is presently reviewing the IAS that includes property re-valuation. "Valuation of owner-occupied property for financial statements" is free to all Red Book subscribers or can be purchased separately from RICS Books. http://www.rics.org/ricscms/bin/show?class=PressRelease&template=/includes/showpr.html&id=898&faculty=RICS
OWNER-OCCUPIED PROPERTIES
COMPANY ACCOUNTS
ACCOUNTING STANDARDS
EXISTING USE VALUE
MARKET VALUE
INTERNATIONAL ACCOUNTING STANDARDS