Valuing owner-occupied properties
Series: RICS Press Release ; 8 April 2003 (2)Publication details: 2003Subject(s): Summary: 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| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3915-28 (Browse shelf(Opens below)) | 1 | Available | 121997-1001 |
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