International Valuation Standards & property tax valuations
Paul Sanderson FRICS and President of IPTI discusses the application of International Valuation Standards to valuations for property tax purposes.
The International Valuation Standards 2017 forms the key guidance for valuation professionals globally and will underpin consistency, transparency and confidence in valuations.
Valuations are widely used and relied upon in financial and other markets, whether for inclusion in financial statements, for regulatory compliance or to support secured lending and transactional activity.
The International Valuation Standards (IVS) are standards for undertaking valuation assignments using generally recognised concepts and principles that promote transparency and consistency in valuation practice.
The IVSC also promotes leading practice approaches for the conduct and competency of professional valuers.