Understanding under-usage
Rose, E.
Understanding under-usage - 2001 - Insight (45) November 2001, 16(1) .
Discusses the ongoing argument between local authority representatives and the Valuation Office as to how local authority leisure centres should be valued for rating purposes. The private sector, acting for local authorities has argued that a modified or shortened profits valuation approach could be used by taking a percentage of gross receipts. The Valuation Office has favoured the contractor's method of valuation. These arguments have been tested in the local authority leisure centres case "Eastbourne BC and another v Allen (VO) (RA/16-17/1999, LTLT116195) in which the LT agreed with the Valuation Office that the contractor's basis was the best method of valuation. (See also Abs64974 and Abs65458).
EASTBOURNE BC AND ANOTHER V ALLEN (VO)
LOCAL AUTHORITIES
LEISURE CENTRES
CONTRACTORS METHOD
ANNUAL VALUE
STAGE 5 ADJUSTMENT
VALUATION METHODOLOGY
Understanding under-usage - 2001 - Insight (45) November 2001, 16(1) .
Discusses the ongoing argument between local authority representatives and the Valuation Office as to how local authority leisure centres should be valued for rating purposes. The private sector, acting for local authorities has argued that a modified or shortened profits valuation approach could be used by taking a percentage of gross receipts. The Valuation Office has favoured the contractor's method of valuation. These arguments have been tested in the local authority leisure centres case "Eastbourne BC and another v Allen (VO) (RA/16-17/1999, LTLT116195) in which the LT agreed with the Valuation Office that the contractor's basis was the best method of valuation. (See also Abs64974 and Abs65458).
EASTBOURNE BC AND ANOTHER V ALLEN (VO)
LOCAL AUTHORITIES
LEISURE CENTRES
CONTRACTORS METHOD
ANNUAL VALUE
STAGE 5 ADJUSTMENT
VALUATION METHODOLOGY