Tribunals · Wales · Powys · 2017 rating list

Hotel and Premises, Maesmawr Hall, Maesmawr, Caersws, SY17 5SF

Hotel and Premises Decided 23 September 2019 VTW-1064 Valuation Tribunal for Wales

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV · 2017 list£46,750

Ratepayer sought—

VO conceded first£45,000−4% before the hearing

Tribunal decided£45,000from 1 Apr 2017

Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant, owner of a 20-room 3-star hotel, challenged the rateable value on the basis that the 30% increase from the previous list was excessive and that the Valuation Officer should have considered his business expenses, not just turnover. The Valuation Officer applied the profits method using a Fair Maintainable Trade of £750,000 at a 6% rental bid, arriving at a revised assessment of £45,000. The tribunal accepted that the profits method was the appropriate valuation approach for licensed premises and that the adopted FMT fairly reflected the trade achievable at the property on the antecedent valuation date, allowing the appeal in part from £46,750 to £45,000.

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