PART 2PROCEDURE FOR TAKING CONTROL OF GOODS

Valuation

Valuation of controlled goods35

1

This regulation applies where an enforcement agent makes (paragraph (2)) or obtains (paragraph (3)) a valuation of controlled goods as required by paragraph 36(1) of Schedule 12.

2

Where the enforcement agent makes the valuation—

a

the valuation must be in writing, signed by the enforcement agent and set out—

i

the enforcement agent's name, the reference number or numbers and the date of the valuation; and

ii

where appropriate, a separate value for each item of goods of which control has been taken; and

b

the enforcement agent must provide a copy of the written valuation, once made, to the debtor and any co-owner.

3

Where the enforcement agent obtains the valuation the enforcement agent must—

a

only instruct a qualified, independent valuer;

b

instruct the valuer to make a written valuation and, where appropriate, to value each item of goods separately; and

c

provide a copy of the written valuation, once made by the valuer, to the debtor and any co-owner.