This valuation is often required for various taxation purposes such as capital gains tax, inheritance tax, property tax, or other tax liabilities related to property ownership and transfer. Here are the key aspects of such valuations:

Compliance with RICS Standards , Purpose and Scope of Valuation, Valuation Methodology, Market Analysis, Property Inspection and Description, Legal and Planning Status, Valuation Date, Calculation and Reporting of Value, Professional Responsibility and Ethics, Report Presentation.

It is crucial that the valuation is accurate and compliant with RICS standards.