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Delve into the concept of market value according to EU legislation and the approved definition by TEGoVA. Gain insight into key factors influencing market value assessments and learn about the distinct definitions within EU and EEA legislation.
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Market value Value The “market value” of an asset The ultimate test for market value Introduction
EU legislation Real estate and related property rights Marketable Marked distinction The range of assumptions Scope
Market value means Directive 2006/48/EC Market rent Acted knowledgeably, prudently and without compulsion TEGoVA’s APPROVED DEFINATION OF MARKET VALUE
There are several definitions of market value within EU legislation The Capital Requirements Directive definition Articles 84 to 89 of the Directive State Aid Communication and the Insurance Accounts Directive VAT definition EU accounting definition DEFINITION OF MARKET VALUE IN EU AND EEA LEGISLATION
COMMENTARY • The advantage of the definition used in EVS1 over the other available EU definitions • The definition in EVS1 • The result • The real property being valued • The transaction • The date of valuation • The parties – hypothetical, willing and competitive • The marketing • The parties’ consideration of the matter • Other matters
