|
or click here to request site subscription to search and view all judgments |
High Court determines that the Valuation Tribunal failed to provide adequate reasons for its decision to reduce the Net Annual Valuations (NAVs) of three public houses; and consequently, the cases have been remitted to the Tribunal for reconsideration, with the court emphasising the need for clear and cogent explanations that engage with market data and comparables in line with statutory objectives.
Valuation Tribunal - Commissioner of Valuation - public houses - Net Annual Valuation (NAV) - Fair Maintainable Trade (FMT) - valuation certificate - statutory objectives - market data - comparables - rural/urban divide - business acumen - landmark pub - Obama Plaza effect - adequacy of reasons - remittal - Valuation Act 2001 - equity and uniformity - hypothetical tenant - percentage reduction - emerging tone of the list.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
