The Charities Act 2012 sets out the requirements for charities to obtain professional advice on disposal of a charity asset. The nature of the advice is set out in the Charities (Qualified Surveyors) Report Regulations 1992.
The purpose is to ensure that the charity obtains best value for any asset on disposal (this includes both sales and leases of more than seven years).
Questions frequently arise, in particular with regard to timing of obtaining the advice, when the advice is required and how best to make use of the information which is provided.
In this presentation I will discuss current legislation, changes proposed under the Charities Act 2022 and give some practical advice on obtaining and using a Qualified Surveyors Report in order to assist in the disposal process and ensure that charities meet their obligations to achieve best value. The presentation will be of interest to those acting as Executors where there are charitable beneficiaries, private client solicitors, Will writers and legacy asset managers.
Have a question? If you have any comments or feedback on this content, please get in touch.
Your CPD Certificate can be found in your Account.
Head of Valuation • Berrys
Andrew has practised as a Chartered Surveyor (MRICS) for nearly 30 years.View Full Profile
© 2021 All rights reserved For Media Group Registered in England No. 13063455 VAT Registration Number GB367031995