SVM115010 | Liaison with Valuation Office and other offices: Valuation Office

The Valuation Office (VO) advises SAV on the value of land and buildings where a knowledge of the value of a company’s assets is necessary for the valuation of its shares see SVM115040.

• Trade Related Property dealt with under prior agreements between SAV and VO should be submitted to the LPVU – see SVM115090

• For mineral undertakings – see SVM115100

• For agricultural value – see SVM112170

• All other cases should be referred to Initial Appraisal Unit (IAU) Nottingham – see SVM115040

A liaison arrangement also exists between SAV Service Delivery Team (SDT) and a representative of the Valuation Office, known as the Valuation Office Liaison Officer (VOLO), for resolving points of difficulty.

Straightforward matters or questions of fact should however be raised with the VO directly by the valuer.

The VO values underlying company property on the market value basis of the land itself.

All valuations of freehold or leasehold property situate in Northern Ireland are dealt with by Land and Property Services (LPS) rather than the VO. Any case that needs to be referred to the LPS should be submitted via the SDT.

Additional Guidance: SVM150000