000			01409cab a2200205 4500
001			ABS38655
008			090401t1987 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u11784
041			_aeng
245			_aDistillers Company (Bottling Services) Ltd v Fife Assessor
260			_c1987
350			_a0
490			_aRating Appeals _v1987 RA 209-255(24)
520			_aLT for Scotland 26 August 1987. A complex of buildings used for blending and bottling Scotch whisky , erected between 1971 and 1975 with a total floorspace of 237,000 sm were entered in the valuation roll of 1985-86 at 3,409,000 nav. The ratepayers (D) sought a reduction to 2,138,000 nav. It was agreed that the appropriate valuation method was the contractors principle . The ratepayers claimed the replacement value to be 35,523,392 based on comparables and previously agreed replacement costs adjusted for inflation using the Tender Price Index . However the assessors used Spon`s Index giving a replacement cost of 41,900,129. The court held that the assessment must be reduced to the lower level on the basis that the Tender Price Index was preferred for updating or backdating building costs to calculate costs at valuation date for the purposes of a contractors principle valuation.
650			_aINDUSTRIAL BUILDINGS
650			_aRATING APPEAL
690			_aRATING AND VALUATION-CASE LAW
942			_n0
948			_c04/03/1997
999			_c7523 _d7523