000			01921cad a22001935a 4500
001			L140046
008			070831e2007 xxk f w 000 0 eng d
035			_a(Sirsi) u140046
041	0		_aeng
245	0	0	_aHJ Banks and Company Ltd v Valuation Officers _h[electronic resource]
260			_c2007
520			_a[2007] EWLands RA_24_2004, 11 April 2007. The appellant (B) appealed against decisions by Valuation Officers (V) regarding rating assessments of two opencast coal sites. B's case for the valuation of one mine was based upon a business appraisal within a board meeting report which had been held in 2000. B's calculation for royalties per tonne of coal implied a lower rateable value. V argued that the business costings were of little use in a rates valuation as they were based on profitability and ability to pay. In respect of the other mine B again argued that a lower royalty could be expected, this time based on the historic royalty of coal from the mine and the royalty rate from other local and comparable mines. V argued that there were no directly comparable figures as both rates and coal royalties would need to be adjusted to match the historical data. "Held": The board report for the former mine did not refer to rent levels actually paid and as a commercially based valuation was not reliable for rate valuation purposes. Nor were the royalty comparisons reliable for the second mine. However there was some truth in B's assertion that its lower valuation just prior to privatisation had resulted in a higher rateable value. Appeal allowed in part.
590			_aKA
650	2	4	_aH J BANKS AND COMPANY LTD V VALUATION OFFICERS
651		4	_aEngland and Wales _y1543-
690			_aPROPERTY-BUSINESS ASSETS-BUSINESS ASSET APPRAISAL AND VALUATION
856	4	0	_uhttps://www.bailii.org/ew/cases/EWLands/2007/RA_24_2004.html _zView the judgment free of charge at www.bailii.org...
942			_n0
999			_c79167 _d79167