Celtic Football and Athletic Company Limited v Strathclyde Region Assessor
Language: English Series: Rating Appeals ; 1988 RA 243-260(10)Publication details: 1988Subject(s): Summary: LT for Scotland 22 December 1987. The ratepayers (C) appealed against the proposed net annual value of £120,750 for their football ground , saying that the property should be valued on a comparative principle. If the Tribunal held that the contractors principle should be used C agreed the effective capital value £2,751,263 and considered a decapitalisation rate of 1% and an end allowance of 22.5%, the end result being £21,300 net annual value. However despite beginning with the same capital value the assessor adjusted that to reflect the reduction of licensed capacity from physical capacity then for under-utilisation of the stadium. Following the two adjustments, 5% decapitalistion rate was set and 10% of estimated income was added to cover income from other sources such as car parks and advertising. The assessors calculation was accepted.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS40180 (Browse shelf(Opens below)) | 1 | Available | 21948-1001 |
LT for Scotland 22 December 1987. The ratepayers (C) appealed against the proposed net annual value of £120,750 for their football ground , saying that the property should be valued on a comparative principle. If the Tribunal held that the contractors principle should be used C agreed the effective capital value £2,751,263 and considered a decapitalisation rate of 1% and an end allowance of 22.5%, the end result being £21,300 net annual value. However despite beginning with the same capital value the assessor adjusted that to reflect the reduction of licensed capacity from physical capacity then for under-utilisation of the stadium. Following the two adjustments, 5% decapitalistion rate was set and 10% of estimated income was added to cover income from other sources such as car parks and advertising. The assessors calculation was accepted.