What's new?

All sections are reviewed biannually by expert authors. The major section updates are below.

Business valuation and intangible assets

Information has been added to this section on the new Mandatory Performance Framework and Application of the Mandatory Performance Framework documents.

Core valuation issues

This section has been updated with commentary on forthcoming changes to Red Book Global Standards.

Educational premises: children's day nurseries 

This section has been updated throughout reflecting government changes to EYEF, extending funding to two year olds.

Educational premises: independent schools

This section has been updated with the latest stats from the ISC census.

Empty property rates

This section has seen updates to the Exemptions and reliefs page.

Environmental and sustainability valuations

New author David Marshall has completely updated this section, with updated information throughout. 

Golf courses

This section has received amendments throughout. See especially Environment and planning, and Trading operation.

Industrial and distribution properties

This section has been updated detailing new valuation methods, including DCF and profits method, along with information on the new use classes and their impact.

Machinery and business assets

This section has been completely reviewed by author Andrew Slevin. It includes updated information on insurance valuations and independence.

Rating disputes

This section has been updated throughout, with new common rating issues and information on future reforms.

Red Book guide

This section has been updated throughout in line with the updated UK national supplement, effective from 1 May 2024. 

Self storage properties

This section has received amendments throughout. See especially History of self storage market and What makes a good self storage facility?

Valuation approaches

This section has been updated throughout, specifically the DCF method.

RICS initiatives

iConsult

See iConsult to review the latest RICS consultation drafts.

This page was last updated May 2024.