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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 27 March 2013 - onwards

101. Amendment of section 911 (valuation of assets) of Principal Act.

The Taxes Consolidation Act 1997 is amended by substituting the following for section 911:

"Valuation of assets.

911.

(1) In this section -

'the Acts' has the same meaning as in section 1078;

'authorised person' means -

(a) an inspector or other Revenue officer mentioned in Part 41A, or

(b) a person, suitably qualified for the purposes of ascertaining the value of an asset, authorised in writing by the Revenue Commissioners;

'value', in relation to any asset, means market value, current use value or such other value as the context requires for the purposes of the Acts.

(2) For the purposes of the Acts, an authorised person may inspect any asset (and where the asset is land enter on the land) for the purpose of ascertaining its value and reporting that value to the Revenue Commissioners, and the person having the custody or possession of that asset (or being the occupier in the case of premises) shall permit the authorised person, on producing if so requested evidence of his or her authorisation, to inspect the asset (and where the asset is land to enter on it) at such reasonable times as the Revenue Commissioners may consider necessary.

(3)