000			02000cab a2200337 4500
001			ABS59105
008			090401t1998 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u87656
041			_aeng
245			_aMonsanto plc v Farris (VO)
260			_c1998
350			_a0
490			_aRating Appeals _v[1998] RA 107-216(56)
520			_aLT 28 April 1998. A chemical works and premises in Newport, Gwent was assessed by a valuation tribunal at £655,000 RV from 1 April 1990 and £640,000 RV from 30 September 1991. M sought reductions and F sought increases. The parties agreed the valuation should be on the contractors basis and applied the five stage method. They differed in opinion on whether the project would attract a grant, whether there should be adjustments for location or contract size and the approach to adjusting new costs for obsolescence. "Held" the assessment should be reduced to £589,000 from 30 June 1990 and £584,000 from 30 September 1991. The tenant`s alternative and interest foregone as a ceiling on rateable value should not be abandoned, the hypothetical tenant was to be treated as an owner/occupier for stages 1 to 3 inclusive, and a ceiling or maximum rental emerged at stage 4 which could be considered in stage 5 when circumstances peculiar to the hypothetical tenant of rating were to be dealt with.
650			_aCARDIFF CC V WILLIAMS VO
650			_aCONTRACTORS BASIS
650			_aESTIMATED REPLACEMENT COST
650			_aFIVE STAGE METHOD
650			_aGILMOUR(VO) V BAKER-CARR AND OTHERS
650			_aGRANTS
650			_aIMPERIAL CHEMICAL INDUSTRIES PLC V CENTRAL REGION ASSESSOR
650			_aIMPERIAL COLLEGE OF SCIENCE AND TECHNOLOGY V EBDEN (VO)
650			_aLOCATION FACTOR
650			_aOBSOLESCENCE
650			_aPLANT
650			_aROBINSON BROTHERS (BREWERS) LTD V HOUGHTON AND CHESTER LE STREET
650			_aWILLACRE LTD V BOND VO
690			_aRATING AND VALUATION-CASE LAW
942			_n0
948			_c24/07/1998
999			_c55304 _d55304