000			01148cam a2200217 4500
001			WB3923-17
008			030618n2003 000 0 eng u
035			_a(Sirsi) u122641
245			_aUK valuation bases to change
260			_c2003
490			_aRICS Valuation Faculty News _v 11 June 2003 (1)
520			_aThe 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
590			_aWB
650			_aEC DIRECTIVES
650			_aLISTED COMPANIES
650			_aPROPERTY VALUATIONS
650			_aFAIR VALUE
650			_aINTERNATIONAL ACCOUNTING STANDARDS
690			_aPROPERTY-PROPERTY APPRAISAL AND VALUATION
942			_n0
999			_c72874 _d72874