Valuation of local authority leisure properties for rating purposes
Language: English Series: IRRV Journal ; July 1994, 158(1)Publication details: 1994Subject(s): Summary: Reports on a landmark decision by Nottinghamshire Valuation Tribunal which questions the use of the contractors test for a whole range of local authority leisure properties. A case study in point, is the Royal Centre, Nottingham, where the rv has been dramatically reduced from £1,230,000 to £174,000 a downwards adjustment of 86%. Considers that this may have implications for the valuation of some local authority hereditaments in the current list and probably far reaching ramifications for the revaluation in 1995.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS51164 (Browse shelf(Opens below)) | 1 | Available | 13461-1001 |
Browsing London shelves, Shelving location: Journal article Close shelf browser (Hides shelf browser)
Reports on a landmark decision by Nottinghamshire Valuation Tribunal which questions the use of the contractors test for a whole range of local authority leisure properties. A case study in point, is the Royal Centre, Nottingham, where the rv has been dramatically reduced from £1,230,000 to £174,000 a downwards adjustment of 86%. Considers that this may have implications for the valuation of some local authority hereditaments in the current list and probably far reaching ramifications for the revaluation in 1995.