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A Practical Guide to Valuation for Rating

Luke Wilcox

$212.95   $170.54

Paperback

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English
Law Brief Publishing
18 October 2024
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.

Luke Wilcox is one of the leading rating practitioners in the country. He has appeared four times in the Supreme Court, and in many of the most significant valuation cases of the last decade. He advises and acts for clients from multinational corporations to central government departments, and regularly lectures at national rating events. His expertise in the field was recognised in 2024, when he was elected as an honorary member of the Rating Surveyors' Association. His valuation practice is not limited to rating, and he is experienced in valuation disputes in compulsory purchase compensation, rent review, lease renewals, and other property-based taxes. He is a member of Landmark Chambers, where in addition to rating and valuation he practices in planning, environmental, and property law.

CONTENTS

Part One: The Rating Hypothesis

1: What Is the Thing to Be Valued?

2: The Hereditament and the Hypothetical Tenancy

3: The Statutory Assumptions

4: The Relevant Dates

5: The Circumstances of the Property and Its Locality

Part Two: Valuation

6: Valuation Methodologies and Their Selection

7: The Rentals Method

8: Comparable Assessments and the Tone of the List

9: The Receipts and Expenditure Method

10: The Contractor's Basis of Valuation

11: Other Methods
By:  
Imprint:   Law Brief Publishing
Country of Publication:   United Kingdom
Dimensions:   Height: 234mm,  Width: 156mm,  Spine: 8mm
Weight:   209g
ISBN:   9781916698499
ISBN 10:   1916698492
Pages:   142
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

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