Charity Act Disposals

The basic requirements of the Charities Act 2011, are that where a charity wishes to dispose of an interest in land, a report must be obtained from a 'qualified surveyor' before a sale is agreed so that Trustees can demonstrate that they have obtained best value.

Without such a report Charities cannot dispose of land unless consent is sought direct from the Charity Commission (a lengthy process). As a general rule the opportunity must be advertised to the market unless it is a disposal to another Charity with similar objects.

The report must include a range of information laid down in the Charities (Qualified Surveyors' Reports) Regulations 1992 (SI 1992/2980). The 'qualified surveyor' must be a member of RICS whom Trustees reasonably believe has the ability and experience of the valuation of land of the particular kind and in the particular area in question.

William has the necessary experience to undertake Qualified Surveyors’ Reports.