Easing on physical inspections begins while RICS (and others) promote data-driven property appraisals
BVWire—UK has been following the evolution of the property appraisal market as it switched to data-only valuations in response to COVID-19 (and mortgage lenders either stopped issuing new loans, or significantly reduced their maximum loan-to-value cap, effectively keeping most new buyers out of the market).
Nursing Home Valuation Must Separate Real Estate From Business Activity
In tax assessment dispute involving nursing home, high court says where facility performs business activity and real estate activity, tax appraisal must separate business value from real estate value; Board of Tax Appeals failed to ensure proper allocation of sales price among assets.
Arbors East RE, L.L.C. v. Franklin County Bd. of Revision
In tax assessment dispute involving nursing home, high court says where facility performs business activity and real estate activity, tax appraisal must separate business value from real estate value; Board of Tax Appeals failed to ensure proper allocation of sales price among assets.
Unqualified Valuers Costing Nigerian Government a Fortune
Valuations of asset-intensive entities done by unqualified nonprofessionals are costing the government big money from taxes that can t be collected because the valuations are too low, according to the Nigerian Institution of Estate Surveyors and Valuers (NIESV). Source of the trouble. Thisday Newspapers in Nigeria first reported the problem.1 According to Paul Osaji, who is chairman of the faculty of housing for NIESV, the industries potentially impacted include breweries, aviation companies, and communication firms.
Different Ways to Find No Claim to Enhanced Value of Nonmarital Asset
Appeals court says trial court erred in interpreting prenuptial agreement but reached correct result when it rejected wife’s claim to enhanced value of husband’s separate interest in car dealership by ruling appreciation in value was passive, not active.
Berg v. Young
Appeals court says trial court erred in interpreting prenuptial agreement but reached correct result when it rejected wife’s claim to enhanced value of husband’s separate interest in car dealership by ruling appreciation in value was passive, not active.
Murphy v. MCC, Inc. (II)
Suit filed to interpret stock redemption agreement.
Murphy v. MCC, Inc. (II)
Suit filed to interpret stock redemption agreement.
Business valuation professional standards provide criteria to evaluate expert reports
As Kumho Tire Co. v. Carmichael advises, the admissibility of expert testimony and evidence may depend upon the existence of "peer review and publication," "standards controlling" ...
USPAP board needs qualified BV members
If you might ever consider serving on the Appraisal Standards Board (ASB) of The Appraisal Foundation, now is the time. Kramer completing ASB term Yale Kramer, currently the only BV person on the ...
IRS releases recommendations on valuation policies
It has long been known that there are serious deficiencies in the Internal Revenue Service's valuation policies. There is a lack of cohesiveness in valuation reporting requirements and an absence of u ...
1999 in review: What we learned in a busy year
My 30 th year in the business valuation profession ( see December 1999 BVU , p.1) was an active one in terms of development in the profession. Here are some of the highlights: l 1999 was o ...
Second USPAP exposure draft due to be released in mid-June -- Written comments due in 70 days; August 15 deadline for applications for ASB, AQB, Board of Trustees
Because of the importance of USPAP to the business appraisal profession, I'm devoting our lead article space this issue to proposed USPAP revisions and related Appraisal Foundation matters. I urge a ...