The principal valuation basis used by qualified valuers are listed below:

Insurance Valuations – where items are to be valued for replacement purposes.

Willing Buyer-Willing Seller Valuations – where items are to be valued as part of a going concern.

Current Market Valuations – where items are valued as to what they might be expected to realise at public auction.

Inheritance Tax/Probate Valuations – where items are valued as part of a deceased estate.