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A Practical Guide to Valuation for Rating

A Practical Guide to Valuation for Rating

Name: A Practical Guide to Valuation for Rating
Brand: Law Brief Publishing
SKU: 9781916698499
Price: 839.86 HKD
Availability: InStock
Author: Luke Wilcox
ISBN: 9781916698499

By Luke Wilcox

Law Brief Publishing October 2024

Specifications

ISBN-13: 9781916698499
Publisher: Law Brief Publishing
Publication: October 2024
Format: Paperback
Jurisdiction: U.K. ? Countri(es) for reference only

Details

Non-domestic rates is a significant outgoing for many businesses, and a source of billions of pounds of revenue for local authorities. One of the key factors affecting liability to this tax is the value of the property which companies own and occupy, and the valuation of property for rating has evolved into a sophisticated and subtle expert profession in its own right. There are many traps for the unwary, and those new to the field often approach valuation issues with trepidation.

This book guides the reader through the complexities of the subject. It analyses and explains the statutory framework, and the key concepts as they have developed through centuries of jurisprudence. The book also introduces the main methods of valuation which will be encountered in modern rating practice, and identifies the hot topics and areas of development in this ever-evolving field. The book will be of use to lawyers, surveyors, and anyone else seeking to understand this fascinating subject.

Part One: The Rating Hypothesis

Chapter 1: What Is the Thing to Be Valued?

Chapter 2: The Hereditament and the Hypothetical Tenancy

Chapter 3: The Statutory Assumptions

Chapter 4: The Relevant Dates

Chapter 5: The Circumstances of the Property and Its Locality

Part Two: Valuation

Chapter 6: Valuation Methodologies and Their Selection

Chapter 7: The Rentals Method

Chapter 8: Comparable Assessments and the Tone of the List

Chapter 9: The Receipts and Expenditure Method

Chapter 10: The Contractor’s Basis of Valuation