Nottingham CC v Garnett (VO)
Language: English Series: Rating & Valuation Reporter ; 34(5) R&VR May 1994, 102-105(4)Publication details: 1994Subject(s): Summary: LVT 15 April 1994. An appeal against an assessment of the rateable value of a concert hall and theatre in Nottingham. N appealed against an entry in the rating list showing a value of £1,230,000, arrived at by the VO who used the contractors` test method. It was proposed on behalf of N that a `quasi profits basis` was the preferred option. The parties had agreed that if the LVT found for N, the rv would be determined at £174,000; if they found for the VO, the rv was to be determined at £560,000. The LVT concluded that the VO`s suggested rv value was not supported by the rateable values of similar hereditaments put forward, and could find no reason to disagree with the £174,000 submitted on behalf of N. Rateable value reduced to £174,000.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS51317 (Browse shelf(Opens below)) | 1 | Available | 21659-1001 |
LVT 15 April 1994. An appeal against an assessment of the rateable value of a concert hall and theatre in Nottingham. N appealed against an entry in the rating list showing a value of £1,230,000, arrived at by the VO who used the contractors` test method. It was proposed on behalf of N that a `quasi profits basis` was the preferred option. The parties had agreed that if the LVT found for N, the rv would be determined at £174,000; if they found for the VO, the rv was to be determined at £560,000. The LVT concluded that the VO`s suggested rv value was not supported by the rateable values of similar hereditaments put forward, and could find no reason to disagree with the £174,000 submitted on behalf of N. Rateable value reduced to £174,000.