Pandora Inn, Restronguet, TR11 5ST

What was argued and what the tribunal found

The appellant argued that the public house was significantly overtrading due to the exceptional skills and efforts of the operators, requesting a 33% reduction from actual trade to derive fair maintainable trade. The Valuation Officer accepted some overtrading but contended a REO would have achieved similar levels given the property's unique location and post-fire publicity. The tribunal found the operators were highly skilled, beyond the scope of a reasonably efficient operator, but rejected both parties' adjustments as either insufficient or excessive, instead applying a 20% reduction to actual trade to derive fair maintainable trade and adopting mid-point percentages, resulting in a rateable value of £110,000.

Summary generated from the decision text and checked against it. The appellant was an individual ratepayer, represented.

Grounds argued

• Valuation method
• Trading receipts (pubs, hotels)

Evidence

Trading accounts, Expert report, Earlier tribunal decisions

Hearing

2 December 2020