• Instructing the valuer

    We expect that a person commissioning a valuation for tax purposes will be able to demonstrate that they provided the valuer with instructions that clearly:

    • set out the scope and purpose of the valuation
    • ensured the valuer's independence in writing the report and in drawing conclusions
    • recognised the valuer's right to refuse to provide an opinion or report if not provided with the information and explanations they needed
    • granted the valuer access to the taxpayer's premises and the necessary records
    • ensured the valuer would be provided with all necessary help needed to complete the report
    • established that any fee, where levied, did not depend on the outcome of the report.

    Instructions to valuers will usually be in the form of a written request or could be documented in the engagement letter.

      Last modified: 01 Jul 2015QC 21245