TMA-2.10.6
In the case of land currently being developed or with immediate development potential, in addition to giving the open market value in the state existing at the date of valuation, the valuation should include:-
(a) The value after the development has been completed;
(b) The estimated total cost, including carrying charges, of completing the development and the anticipated dates of completion and of letting or occupation; and
(c) A statement whether planning or other regulatory consent has been obtained and, if so, the date thereof and the nature of any conditions attaching to the consent which affect the value.
However, the value of the property should also be given as a net of any charges, levy, tax, etc.
Amended: April 2013