Written question asked by David Laws (Liberal Democrat) on Thursday, 16 January 2003, in the House of Commons. It was due for an answer on Thursday, 6 March 2003. It was answered by Lord Boateng (Labour) on Thursday, 6 March 2003 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, whether it is his policy that all buildings should be valued in the National Asset Register on the basis of (a) their existing use and (b) the maximum market value for alternative use; and if he will make a statement.

Answer: Mr. Laws: To ask the Chancellor of the Exchequer whether it is his policy that all buildings should be valued in the National Asset Register on the basis of (a) their existing use and (b) the maximum market value for alternative use; and if he will make a statement. [92564] Mr. Boateng: Assets in the National Asset Register are valued in accordance with the Resource Accounting Manual, which follows UK accounting standards for the valuation of assets. The Accounting Standards Board's Financial Reporting Standard 15 sets out how different types of asset should be valued.

Secondary information

Type: Written question
Reference: 92564; 400 c1221W;400 c1211W
Session: 2002-03
Subjects: Accountancy Assets Buildings Government departments Land use Valuation National asset register
Link: View this Written question on www.publications.parliament.uk

Treasury

Secondary information

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