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Rateable Values

Volume 20: debated on Tuesday 16 March 1982

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asked the Secretary of State for the Environment whether he will seek to amend legislation to allow a concessionary reduction in the rateable value of residential properties which have been built by their owner-occupiers.

Residential property is assessed for rating purposes on the basis of its rental value on the open market and the fact that a property is built by its owner-occupier is not a relevant factor. It would, therefore, be difficult to justify allowing a special rates concession for such properties, particularly at a time when we are undertaking a fundamental review of the whole of the domestic rating system.