According to the government, these changes are aimed at improving valuation activities and are related to the introduction of new approaches to the transfer of state property within the framework of investment agreements that are concluded through direct negotiations.
The draft clarifies several key standards.
In particular, the Standard of Basic Concepts and Principles of Valuation introduces a rule stating that the market value of state property transferred to the investor must be determined taking into account the conditions of the investment agreement, including the composition and volume of the rights and obligations transferred by the parties.
The use of the owner's recommendations and the cost of the investment project as supplementary information is also permitted.
The Standard for the Valuation of Real Estate specifies that the appraiser must consider the economic impact of the conditions of the investment agreement when determining the value of the properties transferred through direct negotiations.
Furthermore, the Standard for the Preparation of Valuation Reports introduces a requirement to include in the report information about the composition and volume of rights, the obligations of the parties, and the investor's cost calculations if the valuation is conducted within the framework of the implementation of the investment agreement.
It is important to note that taking into account the conditions of the investment agreement does not change the status of the determined value — it remains market value and is not classified as investment or non-market value.
