Liaison with Valuation Office Agency and other offices: Land Portfolio Valuation Unit
This unit deals specifically with the valuation of property where a large number of valuations are required. A minimum of thirty properties must be involved.
The unit will carefully select a sample of between 25-50% of the properties to be valued and extrapolate the results to encompass the properties not selected in the sample by use of a specially designed database.
The unit will deal with all the administrative work from receipt to conclusion including referring cases to the individual Valuation Offices and monitoring each case. They will provide a focal point for contact with the individual VOA caseworker.
They will provide a regular monthly update covering cases settled, cases outstanding with the VOA and cases where information is still outstanding. The initial report will be received 6-8 weeks after the instructions are received.
Valuers should refer the case to Information Support who will approach the Unit. Valuers should not approach the Unit direct. The Unit will undertake valuations for other taxes as well as CGT.
|Additional Guidance: SVM150000|