Barratt International Resorts Ltd v Central Region Assessor
Language: English Series: Rating Appeals ; (1990) RA 308-316(5)Publication details: 1990Subject(s): Summary: LT for Scotland 29 March 1990 Appeal against assessment of a hotel and leisure centre which also included timeshare holiday units. The assessor had valued the leisure centre on the contractors principle , applying a 6% decapitilisation rate supported by reference to a comparable centre assessed at 6% which had not been challenged. The ratepayers contended that regard should be had to turnover as the leisure centre was being valued as part of an unam quid with the hotel. A 4% decapitalisation rate should be applied because the leisure centre was part of the complex with the holiday units and 4% had been applied in valuing these units. LT held that 4% was too low for subjects with a commercial element, but 6% was too high and eventually decided on 5%.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS44020 (Browse shelf(Opens below)) | 1 | Available | 44832-1001 |
LT for Scotland 29 March 1990 Appeal against assessment of a hotel and leisure centre which also included timeshare holiday units. The assessor had valued the leisure centre on the contractors principle , applying a 6% decapitilisation rate supported by reference to a comparable centre assessed at 6% which had not been challenged. The ratepayers contended that regard should be had to turnover as the leisure centre was being valued as part of an unam quid with the hotel. A 4% decapitalisation rate should be applied because the leisure centre was part of the complex with the holiday units and 4% had been applied in valuing these units. LT held that 4% was too low for subjects with a commercial element, but 6% was too high and eventually decided on 5%.