Celtic Football and Athletic Company Limited v Strathclyde Region Assessor
Celtic Football and Athletic Company Limited v Strathclyde Region Assessor
- 1988
- Rating Appeals 1988 RA 243-260(10) .
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.
ASSESSMENTS
RATING APPEALS
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.
ASSESSMENTS
RATING APPEALS