International Property Tax Institute

RICS Rating Annual Conference 2009
Philip Glenwright and Lynne Ashton will be representing IPTI at the upcoming RICS Rating Annual Conference which is taking place on Tuesday, June 30, 2009 in Central London. They will be making a presentation on International Property Tax Comparisons and Database.

Excerpt from Barbados - 2008
Excerpt from Barbados Business Authority – April 14, 2008

Government Valuers Get Expert Training
AS REAL ESTATE appreciates in Barbados, Government is reinforcing its ability to collect taxes on some of the most lucrative properties - hotels and golf courses.

Last week the administration brought in six first-rate appraisers from Canada and the United Kingdom to train valuers at the Land Tax Department and the Ministry of Housing Property Management Division in new techniques for valuing these types of properties.

..Jerry Grad, president of the International Property Tax Institute, led a workshop on Appraisal of Tourism-Related Properties in a Mass Appraisal Environment for 30 participants at Accra Beach Hotel & Resort, Rockley, Christ Church on Thursday.

Land Tax Department Commissioner Wayne Forde told BARBARDOS BUSINESS AUTHORITY that "no one likes to pay taxes, but those who do would like to know that they are paying only their fair share."

And the training would ensure that investors get "fair, accurate and transparent valuations" on which tax payments were calculated.

Forde noted: "We have looked at these properties from the bricks-and-mortar point of view {the land plus what it takes to replace or erect a building}. The focus worldwide, now, is to look at them from the business point of view."

"You have to judge a hotel on the income that it can generate; if the same hotel was being sold, how much a prospective purchaser would pay for it. Likewise, if we had to sell a golf course on the open market, how much would a person be willing to pay..."

Barbados has four major golf courses and "we are going to have some more", said Forde.

Several hotels here were upgraded for Cricket World Cup 2007 while others, including the Four Seasons, are under construction.
(SR)

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RICS Rating Annual Conference 2009 Philip Glenwright and Lynne Ashton will be representing IPTI at the upcoming RICS Rating Annual Conference which is taking place on Tuesday, June 30, 2009 in Central London. They will be making a presentation on International Property Tax Comparisons and Database. Excerpt from Barbados - 2008 Excerpt from Barbados Business Authority – April 14, 2008 Government Valuers Get Expert Training AS REAL ESTATE appreciates in Barbados, Government is reinforcing its ability to collect taxes on some of the most lucrative properties - hotels and golf courses. Last week the administration brought in six first-rate appraisers from Canada and the United Kingdom to train valuers at the Land Tax Department and the Ministry of Housing Property Management Division in new techniques for valuing these types of properties. ..Jerry Grad, president of the International Property Tax Institute, led a workshop on Appraisal of Tourism-Related Properties in a Mass Appraisal Environment for 30 participants at Accra Beach Hotel & Resort, Rockley, Christ Church on Thursday. Land Tax Department Commissioner Wayne Forde told BARBARDOS BUSINESS AUTHORITY that "no one likes to pay taxes, but those who do would like to know that they are paying only their fair share." And the training would ensure that investors get "fair, accurate and transparent valuations" on which tax payments were calculated. Forde noted: "We have looked at these properties from the bricks-and-mortar point of view {the land plus what it takes to replace or erect a building}. The focus worldwide, now, is to look at them from the business point of view." "You have to judge a hotel on the income that it can generate; if the same hotel was being sold, how much a prospective purchaser would pay for it. Likewise, if we had to sell a golf course on the open market, how much would a person be willing to pay..." Barbados has four major golf courses and "we are going to have some more", said Forde. Several hotels here were upgraded for Cricket World Cup 2007 while others, including the Four Seasons, are under construction. (SR)		2009 \| 2008 \| 2007 \| 2006 \| 2005 \| 2004 \| 2003 \| 2002 \| 2001 \| 2000 \| 1999 \| 1998 This years years annual conference is being held in Adelaide, Australia
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