| AdminHistory | An open market valuation of corporation assets, excluding rented housing, were first prepared in 1988. Guidelines for this valuation were issued by Her Majesty's Treasury to the Industry Department for Scotland and the valuation was undertaken by the Inland Revenue (Scotland Office) Valuation Department. The valuations were to be incorporated in to the Corporation's annual accounts, thereby bringing them into line with best practice in the private sector.
Valuations were prepared based on the concept that property would be marketed as individual units and not disposed of in one transaction; that there would be a reasonable period in which to negotiate the sale; that values remained static and that the property will be exposed to the open market.
On 31 March 1989 Corporation assets were valued at £93,146,550. |