Valuations
Valuations
A 'Red Book' valuation is a report that adheres to the RICS valuation professional standards, also known as the Red Book.
The valuation standards are a set of mandatory rules and guidelines for RICS registered valuers to follow when they are undertaking valuations. The standards cover such subjects as ethics, duty of care, the qualifications of the valuer and the minimum contents of the report.
Red Book valuations are the preferred form of valuation report for banks when contemplating secured lending by HRMC for taxation such as inheritance and capital gains tax, lawyers that are dealing with property and matrimonial disputes, accountants for capital accounting and charities that need to meet statutory requirements.
These parties, organisations and institutions know that when they receive a Red Book valuation report, the valuation figure is well considered, backed with robust commentary and evidence and will stand up to scrutiny.
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Toby Plenderleith Surveying Ltd
Lanchet Cottage, Stuckton, Fordingbridge, SP6 2HF
07875 438531 toby@tpsurveyors.co.uk
