Shop Valuation Guidelines

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Questions and Answers

How should shops facing the road be assessed?

At 70% of the annual value rate.
At 90% of the office rate.
As per the annual value rate table. (correct)
At 60% of the annual value rate.

What percentage of the shop rate should be used for shops not facing the road?

100%
50%
80% (correct)
90%

The rate for shops not facing the road should NOT be lower than which of the following?

The rate of parking spaces
The rate of residential buildings
The rate of industrial buildings
The rate of upper floor offices/commercial premises (correct)

How should shop premises be generally valued?

<p>At the shop rate (C)</p> Signup and view all the answers

What is the primary factor in determining the annual value rate for ground floor shops facing the street?

<p>The rate mentioned in the annual value rate table (C)</p> Signup and view all the answers

Flashcards

Road-Facing Shops

Shops facing the road should be valued at the rate in the annual value rate table.

Non-Road-Facing Shops

Shops not facing the road should be calculated at 80% of the shop rate in the annual value rate table. This rate should not be lower than the rate for upper-floor offices/commercial units.

Shop Space Valuation

Shop spaces need to be assessed at the shop rate.

Study Notes

These guidelines concern shop valuations for property tax or other related purposes.

Shops Facing the Road

Ground floor shops facing the road should be valued according to the annual rate schedule, specifically rate "IK".

Shops Not Facing the Road

Ground floor shops not facing the road are to be assessed at 80% of the shop rate as per the annual rate schedule.
The resulting rate should not be lower than the rate for offices or commercial premises located on upper floors.