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Contractor's basis a new respectability

By: Language: English Series: Rating and Valuation Reporter ; 52(9) [2012], 230-232 (3)Publication details: 2012Subject(s): Summary: The contractor's basis valuation method has achieved a new respectability as a means of valuing categories of properties which are rarely let and where profit is not the motive for the occupation. The improved respectability is due to detailed exploration of the method in Lands Tribunal and Upper Tribunal (Lands Chamber) decisions, guidance notes from professional institutions, and government consultations. Outlines the relevant case law.

The contractor's basis valuation method has achieved a new respectability as a means of valuing categories of properties which are rarely let and where profit is not the motive for the occupation. The improved respectability is due to detailed exploration of the method in Lands Tribunal and Upper Tribunal (Lands Chamber) decisions, guidance notes from professional institutions, and government consultations. Outlines the relevant case law.