DVS Flashcards
What services dose DVS provide to clients ?
- National Taxation cases for HMRC
- Statutory Right to Buy (RTB) Determinations for MHCLG
- Determinations of Community Infrastructure Levy (CIL) Appeals for MCHLG
- Benefits cases for DWP
- Contractual case work for Other Public Bodies
Under what legalisation dose DVS act ?
s10 (1) b] enables DVS to act for any public sector body
• s10 (1) c] opens possibility of acting for certain non-public bodies, such as utilities but there are strict qualifying conditions and each individual potential case must be prior approved by the CVG DVS Professional Guidance Team
Who is DVS’s main client, what services dose it provide and what types of work dose it undertake ?
• Valuations
- Advice regarding
- Risk assessment - Valuations - Negotiations - Expert Evidence
What capital taxation work dose the VOA undertake
Capital taxation work • Inheritance Tax • Capital Gains Tax • Income Tax • Corporation Tax (e.g. Capital Allowances) • Stamp Duty Land Tax • VAT • Annual Tax on Enveloped Dwellings (ATED)
What is right to buy work and what is DVS function in the right to buy process?
The housing act 1985 allows tenants of some council properties to acquire their property’s. If the tenant disagrees with the valuation of the property they have the right to have the property revalued. DVS revalue the property.
What is community infrastructure levy ?
The planning act 2008 allows local authority’s to charge a affixed rat per square meter of development. Different rates can be set depending on the type of development and location. VOa main function is when a client appeals the rates they are being charged.
What is DWP work?
Property’s valuations undertaken in connection with benefits claims.
What is OPB work
No taxation or statutory valuations.
Generally valuation conducted on behalf of agency’s within the scope of S10 of CRCA
