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RICS Valuation – Global Standards 2017 (the ‘Red Book’) contains mandatory rules, best practice guidance and related commentary for all members undertaking asset valuations.
The Red Book is issued by RICS as part of our commitment to promote and support high standards in valuation delivery worldwide. The publication details mandatory practices for RICS members undertaking valuation services. It also offers a useful reference resource for valuation users and other stakeholders.
Working with the IVSC and RICS, Paul Sanderson FRICS and President of IPTI has written the following article on the application of International Valuation Standards to valuations for property tax purposes. If you are involved in this area of work, it is a must read.