000			01850cab a2200265 4500
001			ABS67667
008			040329n2004 000 0 eng u
035			_a(Sirsi) u125618
100			_aPenfold, B.
245			_aTerrorism's knock-on effects
260			_c2004
490			_aEstates Gazette _v(0411) 13 March 2004, 136(1)
520			_aDiscusses the definition of Material Change of Circumstances (MCC) after the Central London Valuation Tribunal's (LVT) decision of 8 December 2003 in respect of a number of appeals lodged by ratepayers in New Bond Street. The LVT concluded that the fall in tourist numbers visiting retail properties in New Bond Street because of the September 11 terrorist attacks represented a MCC. That the rental values of the properties immediately after September 11 were significantly affected. That nine out of the 19 assessments from September 11 to the end of 2001 were reduced, but determined that there was no MCC after 1 January 2002, anddismissed appeals in respect of the remaining 10 properties. The reductions have been appealed. Concludes that there is a dispute over the definition of MCC where the events giving rise to the appeal take place away from the locality of the appeal property and that ratepayers will be encouraged now to lodge appeals immediately after any MCC. The Valuation Office Agency is appealing to the LT against the decision. The appeal is due to be heard in Spring 2005.
590			_aABS
650			_aLOCAL GOVERNMENT FINANCE ACT 1988 SCHED 6 PARA 7
650			_aRETAIL PROPERTY
650			_aNEW BOND STREET
650			_aTERRORISM
650			_aMATERIAL CHANGE OF CIRCUMSTANCES
650			_aH BARLOW AND SON LTD V WELLINGBOROUGH BC AND ANOTHER
650			_aRATING APPEALS
650			_aREDUCTION
690			_aRATING AND LOCAL TAXATION-CASE LAW
942			_n0
999			_c74309 _d74309