Fleece Inn, 63-67 Main Street, BD22 8DA
Public house and premises Decided 4 March 2025 CHG101188466 Chris Wright
Figures are as stated in the decision; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant argued that the VO had overvalued the property at £45,500 RV by not properly accounting for overtrading, and should have reduced it to £38,000 based on the trade of a reasonably efficient operator. The tribunal found that the VO had correctly adjusted the actual trade figures downward by 22.5% for wet sales and 20% for dry sales to reflect overtrading, resulting in an appropriate FMT of £750,000. The appellant failed to discharge the burden of proof that the valuation was excessive when tested against comparable properties in the locality.
Summary generated from the decision text and checked against it. The appellant was The Fleece Inn, represented.
Grounds argued
- Trading receipts (pubs, hotels) · decisive
- Valuation method
- Comparable assessments (tone)
- Evidence
- Trading accounts, Settled assessments
- Cases cited
- Jack in the Green v Buckley; Wishart v Hulse
- Hearing
- 7 February 2025
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