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Local authority asset valuation; RICS guidance proposals

Language: English Series: CS Monthly : General Practice ; 2(7) April 1993, 2-3(2)Publication details: 1993Subject(s): Summary: The RICS has published a draft revision of VGN8A and 8B in response to CIPFA`s revised Code of Practice requiring local authorities to include valuations of assets in balance sheets from 1994-1995. The definition of `Open Market value for existing use` in the "Statement of asset valuation practice and guidance notes" is also to be modified.

The RICS has published a draft revision of VGN8A and 8B in response to CIPFA`s revised Code of Practice requiring local authorities to include valuations of assets in balance sheets from 1994-1995. The definition of `Open Market value for existing use` in the "Statement of asset valuation practice and guidance notes" is also to be modified.