By Douglas Scarrett
Thoroughly revised to include contemporary advancements in perform, this moment version of Douglas Scarrett’s tested textual content describes the method of valuation of genuine property via its 5 important tools: comparative, funding, residual, gains and contractor’s tools. in contrast to so much present texts, the booklet is designed to permit scholars to examine the equipment both chapter-by-chapter or as a complete, hence allowing a deeper realizing of every in its personal correct in addition to how they healthy jointly. Discussing adjustments in retail perform and the position of accountants in viability of companies, the booklet positive aspects new case stories, stronger visible aids, diagrams and tables to assist readers visualize the method. it's crucial interpreting for these learning estate valuation, as well as practitioners who will locate important advice to underpin their perform.
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Additional info for Property Valuation: The Five Methods
The new scheme should result in greater freedom to make decisions, particularly about disposal, for sound financial and portfolio management reasons without having to consider the implications of tax. It has long been a feature of property companies that their shares trade at a discount to asset value, a situation that should be eased by the new structure. One immediate effect is that portfolio balance will be more readily achieved. Subject to provisions designed with a view to preventing the use of the scheme for tax avoidance purposes in close companies, corporation tax will not now be levied on UK profits or on the rental income of companies taking part in the scheme.
A variable rate can be obtained by investing in index-linked stock (described below). Variable interest – index-linked stock Index-linked stock is also issued by the government. The sum invested receives an interest payment varying in line with the retail price index (RPI). It has a fixed life at the end of which the nominal value is repaid in full together with the RPI increases. Both interest and capital are index linked. Traditionally, government has raised funds through the issue of stock with or without a redemption date and at a fixed rate of interest as described earlier.
Excluded activities include those dealing in land, financial activities, leasing or letting assets on hire, royalties or licence fees, managing hotels, guest houses, residential care, providing services to another company and farming, market gardening and forestry. The maximum permitted investment is £200 000, and shares must be held for 5 years to qualify for full tax relief at the rate of 30 per cent on dividends, but only when they are new shares. Investors will also be entitled to disposal relief on capital gains, where tax will not be due on the sale of shares provided that the trust is approved and the shares were acquired within the maximum yearly limits.