That's simply not true. I myself have on many occasions commissioned estate agents to perform property valuations in Revenue audit cases, on the explicit basis that the valuations would be used as evidence in the course of the Revenue audits.
I've also known of and dealt directly with situations where estate agents have been subpoenad to appear in court to explain and justify to a judge, valuations they have made.
Any valuation is worthless unless the person preparing it is willing to stand over it.
Yeah so you told the estate agent that it is needed for a revenue audit. That's fine. 99% of valuations carried out are not done on this basis. They are carried out for reasons of getting a mortgage or for probate reasons.
Are you now saying that everyone who needs a valuation for probate purposes but didn't get one of your 'special' valuations done are in trouble?
Valuations are just that. Valuations. Estate agent values house at 500k. Local houses sell in range of 450-600k depending on condition. House goes on open market 9 months later and sells for 550k. Doesn't mean the 500k valuation at that point of time was wrong. Good luck to revenue proving it was.
Out of interest, how much do you pay for one of those valuations and how does it differ from a standard one that every estate agent will offer for around the €150 mark?