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Syllabus for the Examinations held after 1st July 2011

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 including but not restricted to the following:

Farming, the CAP, other relevant policy regimes and business structures
- Agricultural practice, including systems and methods of farming
- Business planning and structures for rural landowners and farmers including sole trading, partnerships and companies
- The Single Payment System and other aspects of the Common Agricultural Policy
- Diversification within agriculture
- Preparation and use of farm budgets, cash flows, management accounts and analysis of audited farm accounts
- Regulations bearing on rural land and businesses, including health and safety

Identification, Law, Valuation and Marketing of Rural Property and Chattels
- 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, valuation standards, and the appraisal of both the subject property in its context and other relevant information
- Marketing, selling and letting rural property
- The identification, appraisal and valuation of growing and harvested crops, agricultural live and deadstock, produce, commodities, consumable stores, plant and machiner
- Landlord and tenant matters, including: 
        - the drafting and interpretation of agreements for tenancies, licences and other contracts
        - 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 
- Compulsory purchase and compensation as applied to agricultural and other rural property, businesses, assets and chattels
- Wayleaves, easements (servitudes in Scotland), profits, other rights in or over property and licences
- Taxation - framework of, valuations for and relevant impact of Income Tax, Corporation Tax, Capital Gains Tax, Inheritance Tax, Stamp Duty Land Tax, Value Added Tax, business rates and other national and local taxation together with relevant reliefs and exemptions
- The financing of rural property transactions and businesses, considerations for investment and other relevant matters 

Non-agricultural Uses of Rural Property
- Rural planning and development control
- Diversification into non-agricultural uses
- Telecommunications masts and similar facilities
- Renewable energy projects
- Forestry and woodlands
- Re-use and conversion of rural buildings with an appreciation of practicality, cost, viability and procedures 
- Residential and other development in the countryside
- Minerals
- Agreements for development including options

Environmental matters
- Relevant law, policy and practice on energy, environment and resource protection
- Environmental schemes, grants, subsidies and management agreements
- Resource protection, pollution controls and management
- Conservation
- Environmental Impact Assessments

Dispute Resolution
- Dispute resolution, including arbitration, under statute and under contract
- Mediation
- The management of a case and the preparation of evidence and the role of the expert witness

Professional Practice
- Inspection and appraisal with written and oral structured reporting and communication
- The law and operation of professional practice and business, including agency and auctioneering
- Office systems, procedures and efficiency
- Professional conduct, standards, ethics, regulation and Professional Indemnity Insurance

General Knowledge of the Countryside

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