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Syllabus

Syllabus for the Examinations held after 1st July 2011 (Slightly revised for 2014 and 2017)

Candidates are expected to have a working knowledge of all matters relevant to the
valuation of and related professional work with rural property and business, rights and
obligations, assets, livestock, deadstock and other goods with the relevant statutes and
case law, including but not restricted to the following:

Farming, the CAP, other relevant policy regimes and business structures

(a) Agricultural practice, including systems and methods of farming
(b) Business planning and structures for rural landowners and farmers including
     sole trading, partnerships and companies
(c) Direct Payments, agri-environment schemes and other aspects of the Common
     Agricultural Policy and successor agricultural and rural policies
(d) Diversification within agriculture (other diversification is at 3(b))
(e) Preparation and use of farm budgets, cash flows, management accounts and
     analysis of audited farm accounts and balance sheets
(f)  Agricultural buildings and their construction
(g) Regulations bearing on rural land and businesses, including health and safety

Identification, Law, Valuation and Marketing of Rural Property and Chattels

(a) Freehold, leasehold and rental valuations of agricultural and rural property for
     all purposes, whether in the market place or under statute, with an understanding
     of the law of real property, the practical application of economic principles,
     bases of value, methods of valuation, valuation assumptions, valuation standards,
     and the appraisal of both the subject property in its context and other relevant
     information

(b) Marketing, selling and letting rural property

(c) The identification, appraisal and valuation of growing and harvested arable
     and forage crops, agricultural live and deadstock, produce, commodities,
     consumable stores, plant and machinery

(d) Landlord and tenant matters, including:
                   (i)   the drafting and interpretation of agreements for tenancies, licences
                         and other contracts
                   (ii)  the law and valuations relevant to the commencement, the operation
                         and the termination of tenancies under agricultural, commercial and
                        residential statutes and the common law including rent, tenant’s
                        fixtures and improvements, dilapidations, other rights, claims and
                        obligations of landlords and tenants

(e) Compulsory purchase and compensation as applied to agricultural and other
      rural property, businesses, assets and chattels

(f) Wayleaves, easements (servitudes in Scotland), rights taken by utilities,
       profits, other rights in or over property and licence

(g) Taxation – framework of, valuations for and relevant impact of Income Tax,
       Corporation Tax, Capital Gains Tax, Inheritance Tax, Stamp Duty Land Tax
       and other transactions taxes, Value Added Tax, business rates and other
       national, devolved and local taxation together with the relevant reliefs and
       exemptions

(h) The financing of rural property transactions and businesses, considerations for
      investment and other relevant matters

Non-agricultural Uses of Rural Property

(a)  Rural planning and development control
(b)  Diversification into non-agricultural uses
(c)  Telecommunication masts, cables and similar facilities
(d)  Renewable energy projects
(e)  Forestry and woodlands
(f)  Re-use and conversion of rural buildings with an appreciation of practicality,
     cost, viability and procedures
(g)  Residential and other development in the countryside
(h)  Minerals
(i)   Agreements for development including options

Environmental matters

(a)  Relevant law, policy and practice on energy, environment and resource protection
(b)  Environmental schemes, grants, subsidies and management agreements
(c)  Resource protection, pollution controls and management
(d)  Conservation
(e)  Environmental Impact Assessments

Dispute Resolution

(a)  Dispute resolution, under statute and under contract, including arbitration,
      expert determination and mediation, Tribunals, the Scottish Land Court and
      other fora
(b) The management of a case and the preparation of evidence and the role of
      expert witness

Professional Practice

(a)  Inspection and appraisal with written and oral structured reporting and
      communication
(b)  The law (including Acts, Statutory Instruments, regulations and case law) and
       operation of professional practice and business, including agency and
       auctioneering
(c)  Office systems, procedures and efficiency
(d)  Professional conduct, standards, ethics, regulation and Professional Indemnity
       Insurance

General Knowledge of the Countryside

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