This issue features an overview of the IVSC, an article by a member of the IVSC Standards Board, an article discussing the appeal process from a Special Magistrate's perspective and the importance of asking questions during a site visit.
As the prospect of double-dip recession rears its head, the launch of a new set of international valuation standards is a highly significant event. These the new standards were launched in July 2011 by the International Valuation Standards Council (IVSC).
This article is the first in a series that will explain the Value Adjustment Board process and participants, how to select an independent appraiser to establish taxable value, and how taxpayers can appeal their assessment to get tax relief.
We all know that research is the foundation for a reliable appraisal but, when does research start? It starts the second you walk in the door of the subject company.
