ABSTRACT
The profits method is much used by specialist valuers in the hotel, filling station and leisure industries for valuation and sale purposes. It is also employed in appropriate circumstances by the Lands Tribunal in compensation claims and by the Inland Revenue in assessing rateable values. The following examples show several types of property. One feature which is very evident is the way in which the Lands Tribunal tends to apply a very simplified version of the approach. Reasons have not been given but the Lands Tribunal has tended to avoid any approach which it regards as too academic or intricate. Perhaps it is not surprising that the Tribunal is able to report its decision quite simply when it is, in effect, seeking to distil the more likely components of value from sets of figures and evidence provided by two specialist valuers.
