Advanced Valuation I

At the end of this course, students should be able to: 1. undertake the valuation of specialized properties like hotels and hospitals; 2. conduct the valuation of Plant and machinery, minerals, properties, contaminated land; 3. define and explain the concepts of Taxation and Valuation; and 4. undertake complex valuation for various purposes.

Statutory valuation. Effect of legislation on property value. Current legislation in Nigeria. Valuation of property assets of a company. Role of value in the property market. Trends in value. Mortgage valuation, insurance valuation, going concern valuation. Principles and methods involved in the valuation of company assets. Companies and partnerships. Valuation of goodwill. Valuation of plant and machinery. Statutory valuations: property income/withholding tax, capital gains tax, capital transfer tax, estate duty/probate, stamp duty, property rating. A review of procedure, legislation issues and administration. Asset valuation: principles involved in establishing the value to a partnership, company, government and government agencies of its fixed assets: chattels, land/buildings, roads and other infrastructural facilities. Valuations for way-leave, easement and royalty. Land residual valuation issues; site analysis and valuation. Valuation for loan facility: mortgage and trading stock valuations. Going concern value, and market value valuations of a business. Applications of statistical and computer techniques in valuation. Definition and basic characteristics of common minerals. The legal, political, economic and physical bases of mineral ownership. Exploitation, processing and marketing of minerals and their impacts on mineral values. Methods of valuation of different minerals for different purposes.