PISCES, the common standard being set up for the electronic exchange of information in property sales, gained another backer last week in the shape of the Valuation Office Agency (VOA). It joins the PISCES members group as it moves on with its project for determining common terms for use in home information packs. PISCES claims the addition of the VOA will be good for commercial property solicitors as well as adding to the standard's development in terms of e-conveyancing. Andrew Hudson, chief executive of the VOA, said: 'The seamless transfer of information and the removal of the need for re-entering data will drive efficiencies while dramatically reducing the margin for error.' The VOA is responsible for valuing domestic properties for council tax, rating assessments for business property, land and property valuations for capital gains and inheritance tax, and right-to-buy determinations. PISCES is a standards group as well as being the common standard under development - the property information systems common exchange standard.
No comments yet