By Martin Crawford on 17/01/2008 13:29
Appeal – Practice and Procedure/expenses. Net annual value (NAV) assessed by assessor. Basis of valuation disputed by appellants. Valuation had been based on turnover figures for 48 weeks period to 24 January 2004. The premises were acquired on 14 March 2003. The assessors revalued the property based on period 31 March 2004 to 31 March 2005 at NAV of £41,000. Considered, on these figures whether turnover figures sustainable. Appellant based own valuation ...
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By Martin Crawford on 17/01/2008 13:28
Lands Valuation Appeal Court – Valuation Roll. Valuation of net annual value (NAV). This case was about a public house acquired by the appellant who appealed against an entry in Valuation Roll on the basis that it was too high. Tone date for entry was 1 April 2003. Public house acquired in July 2005 and local Valuation Appeal Committee refused appeal. Considered methods of valuation. The valuation assessed on “hypothetical achievable turnover” at tone date rather th ...
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By Martin Crawford on 17/01/2008 13:28
Lands Valuation Appeal Court – Court of Session – Appeal of Valuation Appeal Committee decision. Assessor valued public house at net annual value (NAV) of £15,100. That figure appealed by appellant to Valuation Appeal Committee who refused. Their refusal appealed. Matters discussed were methodology of assessor and appellant in arriving at valuation figure. Landlord and Tenant had entered into transaction at date near initial assessment. Disputed whether turnov ...
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