USSR Club Ltd and the Putney Club v Thorneley (VO)
USSR Club Ltd and the Putney Club v Thorneley (VO)
- 2001
- Rating Appeals [2001] RA 144-165(11) .
LT 26 April 2001. Examined the issue of the proper method to be used when valuing the two appeal properties where neither were let, in order to estimate their annual value in accordance with rating hypothesis. The USSR Club Ltd had been assessed at £19,500 and The Putney Club at £38,500. The ratepayers wanted the valuation based on club turnover taken from audited accounts while the VO considered the use of rental evidence of comparable club premises in south London. It was held that the assessment for the USSR Club Ltd should be confirmed and the assessment of the Putney Club to be reduced.
USSR CLUB LTD AND THE PUTNEY CLUB V THORNELEY (VO)
RATING APPEALS
MEMBERS' CLUBS
Valuation
EVIDENCE OF VALUE
COMPARABLES
RENT ASSESSMENTS
ANNUAL VALUE
TURNOVER
LT 26 April 2001. Examined the issue of the proper method to be used when valuing the two appeal properties where neither were let, in order to estimate their annual value in accordance with rating hypothesis. The USSR Club Ltd had been assessed at £19,500 and The Putney Club at £38,500. The ratepayers wanted the valuation based on club turnover taken from audited accounts while the VO considered the use of rental evidence of comparable club premises in south London. It was held that the assessment for the USSR Club Ltd should be confirmed and the assessment of the Putney Club to be reduced.
USSR CLUB LTD AND THE PUTNEY CLUB V THORNELEY (VO)
RATING APPEALS
MEMBERS' CLUBS
Valuation
EVIDENCE OF VALUE
COMPARABLES
RENT ASSESSMENTS
ANNUAL VALUE
TURNOVER