ACCOUNTING OF VAT IN EVALUATING THE MARKET VALUE OF PROPERTY. GENERALIZATION OF OPINIONS OF METHODOLOGY APPRAISERS
The authors present and analyze the results of a survey of a number of leading experts in the appraisal industry on the issue of reflecting the value added tax (VAT) in assessing the market value of the property. They determine the dominant position of specialists (market value without VAT) and suggest using the definition of «market value does not include VAT» for its expression. They conclude that it is necessary to develop a common opinion on the issue under discussion and to fix it in a document that is mandatory for use by the subjects of valuation activity.