ABSTRACT
Rating valuation is based on rental evidence and this chapter considers: the selection of rental evidence on which to base a rating assessment; the adjustment of rents to conform with the definition of rateable value; and the analysis of rents to form the basis of a rating list. Rental selection is the process of deciding, out of all the rental evidence available to the valuer, which rents should be used as the basis for a rating assessment. Ideally the valuer will be able to find rental evidence to give an idea of the effect. Rents may show what restricted access or an obscured shop frontage have by comparison with premises without the disability. From a rating and rental analysis viewpoint, the net of Value Added Tax (VAT) rent should be the starting point and, where VAT is charged, it should be deducted to arrive at the net of VAT figure.
