Rental method of rating valuation - Revision history

Designing Buildings at 06:17, 2 September 2021

2021-09-02T06:17:37Z

← Older revision		Revision as of 06:17, 2 September 2021
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	This article was created by --[[User:University_College_of_Estate_Management_(UCEM)\|University College of Estate Management (UCEM)]] 17:07, 6 December 2012 (UTC)		This article was created by --[[User:University_College_of_Estate_Management_(UCEM)\|University College of Estate Management (UCEM)]] 17:07, 6 December 2012 (UTC)

−	~~= Find out more =~~	+	= Related articles =
−		+
−	=== Related articles ~~on Designing Buildings Wiki ==~~=	+

	* Furnished holiday lettings and tax.		* Furnished holiday lettings and tax.

Designing Buildings at 06:18, 29 September 2020

2020-09-29T06:18:02Z

← Older revision		Revision as of 06:18, 29 September 2020
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	* Reverse premium.		* Reverse premium.

−	[[Category:Property_law]] [[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]	+	[[Category:DCN_Case_Law]] [[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Property_law]] [[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

Editor at 13:59, 15 May 2018

2018-05-15T13:59:55Z

← Older revision		Revision as of 13:59, 15 May 2018
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	{\|		{\|
−	~~\|width="50%"~~\|Valuation	+	\| Valuation
−	\|~~width="50%"\|~~	+	\|
		+
	\|-		\|-
−	\|Rent actually paid	+	\| Rent actually paid
−	\|£10,000 (IR terms)	+	\| £10,000 (IR terms)
	\|-		\|-
−	\|Deduction for external repairs and insurance @ say 7½%	+	\| Deduction for external repairs and insurance @ say 7½%
−	\|£ 750	+	\| £ 750
	\|-		\|-
−	\|Rent in terms of RV	+	\| Rent in terms of RV
−	\|£ 9,250	+	\| £ 9,250
	\|}		\|}

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	{\|		{\|
−	~~\|width="33%"~~\|Rent actually paid (net of repairs etc)	+	\| Rent actually paid (net of repairs etc)
−	~~\|width="33%"~~\|	+	\|
−	~~\|width="33%"~~\|£20,000	+
		+	\| £20,000
	\|-		\|-
−	\|Premium	+	\| Premium
−	\|£10,000	+	\| £10,000
	\|		\|
		+
	\|-		\|-
−	\|÷ YP 5 years @ 8%	+	\| ÷ YP 5 years @ 8%
−	\|3.993	+	\| 3.993
−	\|£ 2,505	+	\| £ 2,505
	\|-		\|-
−	\|Rent in terms of RV	+	\| Rent in terms of RV
	\|		\|
−	\|£22,505	+
		+	\| £22,505
	\|}		\|}

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	{\|		{\|
−	~~\|width="33%"~~\|Over 5 years to review:	+	\| Over 5 years to review:
−	\|~~width="33%"~~\|	+	\|
−	~~\|width="33%"\|~~	+
		+	\|
		+
	\|-		\|-
−	\|Rent	+	\| Rent
	\|		\|
−	\|£25,000	+
		+	\| £25,000
	\|-		\|-
−	\|YP 4.5yrs 11%	+	\| YP 4.5yrs 11%
−	\|3.3991	+	\| 3.3991
	\|		\|
		+
	\|-		\|-
−	\|PV £1 in 0.5yrs 11%	+	\| PV £1 in 0.5yrs 11%
−	\|0.9505	+	\| 0.9505
−	\|× 3.2309	+	\| × 3.2309
	\|-		\|-
	\|		\|
		+
	\|		\|
−	\|£80,773	+
		+	\| £80,773
	\|-		\|-
	\|		\|
		+
	\|		\|
		+
	\|		\|
		+
	\|-		\|-
−	\|Divide by YP 5yrs 11%	+	\| Divide by YP 5yrs 11%
	\|		\|
−	\|÷ 3.6959	+
		+	\| ÷ 3.6959
	\|-		\|-
	\|		\|
		+
	\|		\|
−	\|£21,855	+
		+	\| £21,855
	\|-		\|-
−	\|Over whole lease:	+	\| Over whole lease:
	\|		\|
		+
	\|		\|
		+
	\|-		\|-
−	\|Rent	+	\| Rent
	\|		\|
−	\|£25,000	+
		+	\| £25,000
	\|-		\|-
−	\|YP 9.5yrs 11%	+	\| YP 9.5yrs 11%
−	\|5.7131	+	\| 5.7131
	\|		\|
		+
	\|-		\|-
−	\|PV £1 in 0.5yrs 11%	+	\| PV £1 in 0.5yrs 11%
−	\|0.9505	+	\| 0.9505
−	\|× 5.4303	+	\| × 5.4303
	\|-		\|-
	\|		\|
		+
	\|		\|
−	\|£135,758	+
		+	\| £135,758
	\|-		\|-
	\|		\|
		+
	\|		\|
		+
	\|		\|
		+
	\|-		\|-
−	\|Divide by YP 10yrs 11%	+	\| Divide by YP 10yrs 11%
	\|		\|
−	\|÷ 5.8892	+
		+	\| ÷ 5.8892
	\|-		\|-
	\|		\|
		+
	\|		\|
−	\|£23,052	+
		+	\| £23,052
	\|}		\|}

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	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

−	~~<ul>~~	+	* Furnished holiday lettings and tax.
−	~~<li>~~	+	* Rating valuation.
−		+	* Contractor’s basis for rating valuation.
−		+	* Profits method of rating valuation.
−		+	* Statutory formulae for rating valuation.
−		+	* Choice of method for rating valuation.
−	Furnished holiday lettings and tax.~~</li>~~	+	* Case notes for rating valuation (Garton V Hunter).
−	~~<li>~~Rating valuation.~~</li>~~	+	* Reverse premium.
−	~~<li>~~Contractor’s basis for rating valuation.~~</li>~~	+
−	~~<li>~~Profits method of rating valuation.~~</li>~~	+
−	~~<li>~~Statutory formulae for rating valuation.~~</li>~~	+
−	~~<li>~~Choice of method for rating valuation.~~</li>~~	+
−	~~<li>~~Case notes for rating valuation (Garton V Hunter).~~</li></ul>~~	+

	[[Category:Property_law]] [[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]		[[Category:Property_law]] [[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

Editor at 13:18, 21 September 2017

2017-09-21T13:18:07Z

← Older revision		Revision as of 13:18, 21 September 2017
Line 350:		Line 350:
	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

−	* Rating valuation.	+	<ul>
−	* Contractor’s basis for rating valuation.	+	<li>
−	* Profits method of rating valuation.	+
−	* Statutory formulae for rating valuation.	+
−	* Choice of method for rating valuation.	+
−	* Case notes for rating valuation (Garton V Hunter).	+
		+	Furnished holiday lettings and tax.</li>
		+	<li>Rating valuation.</li>
		+	<li>Contractor’s basis for rating valuation.</li>
		+	<li>Profits method of rating valuation.</li>
		+	<li>Statutory formulae for rating valuation.</li>
		+	<li>Choice of method for rating valuation.</li>
		+	<li>Case notes for rating valuation (Garton V Hunter).</li></ul>

	[[Category:Property_law]] [[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]		[[Category:Property_law]] [[Category:Taxation]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

Designing Buildings at 15:11, 25 May 2017

2017-05-25T15:11:06Z

Show changes

Designing Buildings at 07:09, 30 July 2014

2014-07-30T07:09:16Z

← Older revision		Revision as of 07:09, 30 July 2014
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	#User restriction must be ignored under the definition of RV. The rent to be found is ‘vacant and to let’. Assume here that financial services are the highest and best use, therefore no adjustment of rent is needed to reflect ‘vacant and to let’ assumption.		#User restriction must be ignored under the definition of RV. The rent to be found is ‘vacant and to let’. Assume here that financial services are the highest and best use, therefore no adjustment of rent is needed to reflect ‘vacant and to let’ assumption.

−	{\| border="0" cellspacing="1" cellpadding="1"	+	{\| border="0" cellspacing="1" cellpadding="1"
	\|-		\|-
	\| '''Valuation'''		\| '''Valuation'''
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	== Example 2 ==		== Example 2 ==

−	{\| border="1" cellspacing="1" cellpadding="1"	+	{\| border="1" cellspacing="1" cellpadding="1"
	\|-		\|-
	\| Rent actually paid (net of repairs etc)		\| Rent actually paid (net of repairs etc)
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	From the above information, the rent-free period appears to be an incentive and should be amortised to find the true rental level.		From the above information, the rent-free period appears to be an incentive and should be amortised to find the true rental level.

−	{\| border="1" cellspacing="1" cellpadding="1"	+	{\| border="1" cellspacing="1" cellpadding="1"
	\|-		\|-
	\|		\|
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	*Case notes for rating valuation (Garton V Hunter).		*Case notes for rating valuation (Garton V Hunter).

−	~~[[Category:Other_legislation]]~~
	[[Category:Property_law]]		[[Category:Property_law]]
	[[Category:Taxation]]		[[Category:Taxation]]
	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]
	[[Category:Property_development]]		[[Category:Property_development]]

Designing Buildings at 06:46, 21 July 2014

2014-07-21T06:46:17Z

← Older revision		Revision as of 06:46, 21 July 2014
Line 96:		Line 96:
	#User restriction must be ignored under the definition of RV. The rent to be found is ‘vacant and to let’. Assume here that financial services are the highest and best use, therefore no adjustment of rent is needed to reflect ‘vacant and to let’ assumption.		#User restriction must be ignored under the definition of RV. The rent to be found is ‘vacant and to let’. Assume here that financial services are the highest and best use, therefore no adjustment of rent is needed to reflect ‘vacant and to let’ assumption.

−	{\| ~~style="width: 600px;"~~ border="0" cellspacing="1" cellpadding="1"	+	{\| border="0" cellspacing="1" cellpadding="1"
	\|-		\|-
	\| '''Valuation'''		\| '''Valuation'''
Line 145:		Line 145:
	== Example 2 ==		== Example 2 ==

−	{\| ~~style="width: 600px;"~~ border="1" cellspacing="1" cellpadding="1"	+	{\| border="1" cellspacing="1" cellpadding="1"
	\|-		\|-
	\| Rent actually paid (net of repairs etc)		\| Rent actually paid (net of repairs etc)
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	From the above information, the rent-free period appears to be an incentive and should be amortised to find the true rental level.		From the above information, the rent-free period appears to be an incentive and should be amortised to find the true rental level.

−	{\| ~~style="width: 600px;"~~ border="1" cellspacing="1" cellpadding="1"	+	{\| border="1" cellspacing="1" cellpadding="1"
	\|-		\|-
	\|		\|
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	[[Category:Taxation]]		[[Category:Taxation]]
	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]
		+	[[Category:Property_development]]

Designing Buildings at 12:00, 12 December 2012

2012-12-12T12:00:15Z

← Older revision		Revision as of 12:00, 12 December 2012
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−	The rental method should be used where the hereditament belongs to a class of property which is generally let in the open market - provided, of course, that the necessary evidence exists. The valuer is comparatively unfettered in the way in which he uses this method.	+	The rental method should be used where the hereditament belongs to a class of property which is generally let in the open market - provided, of course, that the necessary evidence exists. The valuer is comparatively unfettered in the way in which they uses this method.

	= Selection of evidence =		= Selection of evidence =

Designing Buildings at 10:38, 7 December 2012

2012-12-07T10:38:53Z

← Older revision		Revision as of 10:38, 7 December 2012
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	[[Category:Other_legislation]]		[[Category:Other_legislation]]
	[[Category:Property_law]]		[[Category:Property_law]]
		+	[[Category:Taxation]]
	[[Category:Cost_/_business_planning]]		[[Category:Cost_/_business_planning]]

Designing Buildings at 10:37, 7 December 2012

2012-12-07T10:37:34Z

← Older revision		Revision as of 10:37, 7 December 2012
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	*Choice of method for rating valuation.		*Choice of method for rating valuation.
	*Case notes for rating valuation (Garton V Hunter).		*Case notes for rating valuation (Garton V Hunter).
		+
		+	[[Category:Other_legislation]]
		+	[[Category:Property_law]]
		+	[[Category:Cost_/_business_planning]]