UK valuation bases to change
Series: RICS Valuation Faculty News ; 11 June 2003 (1)Publication details: 2003Subject(s): Summary: The EU has confirmed that from 2005 listed companies will be required to prepare their accounts in accordance with International Accounting Standards (IAS). These standards are based on the concept of 'fair value' which in property valuation is considered the same as market value. IAS do not recognise the current UK basis of Existing Use Value and companies will be required to have all their valuation revised to the fair value basis. http://www.rics.org/ricscms/bin/show?class=News&template=/includes/shownews.html&id=6004&faculty=Valuation&faculty=All%20Faculties| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3923-17 (Browse shelf(Opens below)) | 1 | Available | 122641-1001 |
The EU has confirmed that from 2005 listed companies will be required to prepare their accounts in accordance with International Accounting Standards (IAS). These standards are based on the concept of 'fair value' which in property valuation is considered the same as market value. IAS do not recognise the current UK basis of Existing Use Value and companies will be required to have all their valuation revised to the fair value basis. http://www.rics.org/ricscms/bin/show?class=News&template=/includes/shownews.html&id=6004&faculty=Valuation&faculty=All%20Faculties