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Non-Domestic Rates: Valuation

Volume 502: debated on Thursday 10 December 2009

To ask the Chancellor of the Exchequer what factors the Valuation Office Agency takes into account when making rating assessments for petrol filling stations; and if he will make a statement. (305980)

The Valuation Office Agency adopts the rental comparative method of valuation when valuing petrol filling stations for rating purposes. Valuations reflect the four main elements of a petrol filling station; the petrol sales forecourt, the forecourt shop, the car wash facilities and other sources of income from non-forecourt buildings such as workshops and showrooms and the like. The factors considered when making such a valuation include the fair maintainable throughputs and turnovers, which are derived from factors such as the location, layout of the site, and number of pumps.