Real estate: what’s on the horizon for 2014 and beyond?
By Sally Newton
Shoosmiths takes a look at the changes that anyone working in real estate can expect to see in 2014.
The Red Book — the Royal Institution of Chartered Surveyors (RICS) has published the latest edition of its mandatory standards manual for valuations, RICS Valuation — Professional Standards January 2014 (the Red Book). The RICS material included in this edition of the Red Book takes effect from 6 January 2014 and applies to all valuations where the valuation date is on, or after, that day. The new edition is the culmination of a comprehensive review of the content, framework and format of the 2012 and earlier editions. It also includes new material relating to business valuation and intangible assets. The definition of market value is now in Valuation Practice Statement 4.1.2.
Community Infrastructure Levy (CIL) changes — draft regulations were published in December and are expected to come into force by the end of January. A number of important changes will be made including a relaxation of the ‘vacancy test’ for discounting existing buildings and changes to the rules in relation to rate setting, the phasing of payments, payments in kind and social-housing relief…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
Equal-pay claims are often viewed as the preserve of the public sector, but in light of the current class action against Asda this perception is being challenged.
Service of a formal notice to complete in a plot purchase should not be entered into lightly — there are cost implications and practical considerations.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…