Valuation date (date of valuation)
A short, practical note on valuation date (date of valuation), with the public definition from IVS / Red Book (effective 31 January 2025).
In my practice, the valuation date is the point in time to which the value applies. The value reflects the market and the state of the asset at that date, without the benefit of hindsight. It may differ from the date of the report and the date of inspection, in which case I distinguish the dates clearly. Under the Red Book, the valuation date must be agreed with the client: assuming it is the date of the report is not acceptable.
“The point in time to which the valuation applies.”
Source: IVS Glossary 10.32
“The date on which the opinion of value applies.”
Common confusion
Valuation date ≠ date of the report: the first fixes the value in time; the second is when the valuer signs.