Market valuation for tax purposes

Part D: Valuation reports

This part provides guidance on the content we require in a market valuation report.

Minimum requirements

A valuation should:

• be replicable - in effect, this means the valuation should be documented and explained well enough that another person or valuer can understand how the value was determined, and
• preferably be undertaken by a suitably qualified and experienced person in relation to the asset being valued.

A valuation report should:

• be understandable, and
• objectively demonstrate the valuation process undertaken in accordance with valuation industry practices.

If you do not adequately explain the process you undertook, we may not accept that the value reached by that process is the market value.

Sections within Part D: Valuation reports

• Elements of a good valuation