Revenue Note for Guidance
(1) & (2) This section sets out procedures relating to the valuation of property for the purposes of the levy. Any charge to the levy will be based on the market value estimated by the Revenue Commissioners rather than on the market value estimated in a return. The market value of any property may be ascertained by the Revenue Commissioners in such manner as they think fit and they can authorise a suitably qualified person to inspect any property and report to them the value of such property for the purposes of this Part. The person having custody or possession of such property shall permit the person so authorised to inspect it at such reasonable times as the Revenue Commissioners consider necessary.
(3) Where the Revenue Commissioners require a valuation to be made by a person authorised by them, the costs of such valuation will be defrayed by them.
Relevant Date: Finance Act 2021