Module:Statutory Valuation

Module details

  • Module code

    3243

  • Module leader

    Peter Smith

  • Module Level

    6

  • Module credits

    15

  • Prerequisites

  • Min study time

    150 hours

  • Contact hrs

    36 hours

Module content

  1. Statutory basis of valuation for capital taxation purposes, application of statutory assumptions with reference to the appropriate legal authority
  2. Non domestic rates law, methods of valuation and valuation practice including appeals and dispute resolution
  3. Council tax valuation, law and practice
  4. Compulsory purchase-statutory valuation principles and the application of the relevant law
  5. Planning compensation including planning permission and its effect on value, and compensation for adverse planning decisions

Module outcomes

To achieve credit for this module, students must be able to:

  1. Select, explain and evaluate appropriate approaches and methods of valuation for the valuation of property for taxation purposes
  2. Analyse comparable market evidence and apply the statutory assumptions and hypotheses to the valuation of properties for non-domestic rating and council tax purposes
  3. Critically analyse and apply the relevant law and practice relating to compulsory purchase and planning compensation
  4. Carry out valuations for compulsory purchase and planning compensation
  5. Provide advice relating to valuation for taxation, compulsory purchase and planning compensation

Assessment

Assessment Description Weighting
Coursework Statutory valuation for tax purposes 40%
Coursework Statutory valuation for compulsory purchase and planning compensation 60%

Assessments may differ in 2021/22 due to adjustments for Covid-19. Please check Gateway for the latest regulations.