The contractor’s basis of valuation for rating and the new non‐domestic rate

Abstract

Examines the evolution of the Contractor′s basis of valuation for rating, the valuation framework currently adopted and the definitions that have emerged from litigation; considers the need for a review of the elements of the valuation framework in the light of recent economic changes and a more accurate approach to quantification. Discusses a possible solution proposed by the Government within the context of England and Wales and also in the light of the Contractor′s Principle in Scotland.

Citation

Claringbull, J. (1989), "The contractor’s basis of valuation for rating and the new non‐domestic rate", Journal of Valuation, Vol. 7 No. 4, pp. 315-324. https://doi.org/10.1108/EUM0000000003269