The principle issue was whether the property should be rated having regard to the physical condition of the property at the valuation date (“the Reality Principle”) or in accordance with the statutory assumption that the property was in a state of reasonable repair when valued for rating purposes as set out in para. 2(1)(b) of Schedule 6 to the Local Government Finance Act 1988 as amended (“the Repairing Assumption”)?
The property was a vacant first floor office space that…
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