Rating Valuation: Principles and Practice has long been the standard go-to guide for both students studying rating valuation and practitioners needing a comprehensive reference book covering rating law, valuation and, importantly, practice. This fifth edition brings the reader up to date with the changes for the 2023 Rating Revaluation and developments in case law, as well as highlighting the differences between the law in England and Wales. A comprehensive chapter covers rates in Northern Ireland.
Starting with the basics, the book goes on to provide more in-depth detail for advanced readers, using clear, accessible and engaging analysis and example valuations throughout to break down what many see as a complex subject.
Whether you are studying to pass your APC, or just want an overview of the changes following the latest revaluation, Rating Valuation: Principles and Practice will give you all you need to understand rating valuation.
1. Introduction 2. The Rateable Occupier 3. The Hereditament 4. The domestic/non-domestic borderline 5. Exemptions and reliefs 6. The basis of valuation 7. Rental analysis and valuation 8. The Contractor’s Basis 9. Receipts and expenditure 10. The valuation of shops 11. The valuation of offices 12. The valuation of factories, workshops and warehouses 13. The valuation of plant and machinery 14. The valuation of other types of property 15. The 2023 rating lists: preparation, alteration and appeals 16. Rating administration, collection and enforcement 17. The Empty Property Rate 18. The Council Tax 19. Rating in Northern Ireland Appendix 1 Appendix 2
Patrick H. Bond is former Head of Rating Valuation at the Valuation Office Agency’s head office, a past president of the Rating Surveyors Association and was chairman of the RICS Rating Diploma Holders’ Section in its 2022 Centenary year. He is a visiting lecturer in Rating at Bayes (formerly Cass) Business School, City University, and an assessor on the RICS Rating Diploma Study Course as well as being an IRRV tutor on both Rating and Valuation courses. He is a well-known conference speaker including at various international conferences and contributes articles in the professional press. Peter K. Brown is a former Professor of Property Taxation at Liverpool John Moores University, UK, and a David C. Lincoln Research Fellow, Lincoln Land Institute, Cambridge, Massachusetts, USA. He was a member of the second Wood Committee looking into the rateability of plant and machinery. He was a regular speaker at conferences and contributed to articles in the professional press.