Farmer Teds Farm Park, Worrall House Farm, L39 7HW

What was argued and what the tribunal found

The appellant (Farmer Teds, a farm park attraction) sought to reduce the rateable value from £125,000 to £49,000, disputing the Valuation Officer's shortened method and arguing for a full receipts and expenditure valuation. The tribunal, having regard to recent case law and the rating hypothesis under Schedule 6 of the Local Government Finance Act 1988, rejected the appellant's contentions on depreciation, directors' remuneration, and sinking fund allowances, finding that the Valuation Officer's disputed elements were reasonably calculated and the property should be valued on the basis of the accounts available at the antecedent valuation date, resulting in dismissal of the appeal with the rateable value remaining at £125,000.

Summary generated from the decision text and checked against it. The appellant was Farmer Teds, represented.

Grounds argued

• Trading receipts (pubs, hotels)
• Valuation method
• Quantum or end allowance

Evidence

Trading accounts, Expert report, Settled assessments

Cases cited

Thurleigh Fruit Farm; York Maze; Finkley Down Farm; Joe and Mrs Valerie Fryer v Wayne Cox; Justin Allen v Tyne & Wear Archives and Museums; BNPPDS Limited v Andrew Ricketts; Francis J Facciolo v Dario Costantin; Redrose Ltd v Thomas; Wishart v Hulse

Hearing

22 November 2023