The House In The Tree, Old Gloucester Road, GL51 0TQ

What was argued and what the tribunal found

The appellant argued that the rateable value of £40,000 was excessive and should be reduced to £27,000 based on a lower fair maintainable trade (FMT) assessment and reliance on comparable pubs. The tribunal found that the valuation officer's FMT figures of £200,000 (wet) and £300,000 (dry) were reasonable when measured against the trading figures provided (2013-2016), and that the subject property's RV was consistent with comparable properties such as the Farmers Arms (£38,000 RV) and New Dawn Inn (£36,750 RV) which had similar features and comparable trade. The tribunal dismissed the appeal as the £40,000 RV was not excessive.

Summary generated from the decision text and checked against it. The appellant was Thanks for popping in traditional pubs ltd, represented.

Grounds argued

• Trading receipts (pubs, hotels)
• Valuation method
• Rental evidence

Evidence

Trading accounts, Settled assessments

Cases cited

Jack in the Green v Buckley; Wishart v Hulse; Lotus and Delta v Culverwell; Dennett v Crisp; Brunning & Price Ltd v Wynn-Cowell

Hearing

3 July 2024