SPORT & RECREATIONAL
EVERYTHING YOU NEED TO KNOW
SPORT & RECREATIONAL RELIEF, AND
CONTRACTOR'S METHOD OF VALUATION
Stadiums and recreational facilities require a specialist approach when dealing with them for business rates purposes. Certain clubs and non-profits benefit from Sport & Recreational Relief - subject to qualifying criteria. The chosen valuation methodology used by Land & Property Services is generally the Contractor's Method of Valuation. This method employs a five-stage process that converts a capital value into rental value.
Our expert, John Gowland MRICS DipRating, has extensive knowledge of this valuation method when valuing local stadiums and recreational facilities.
Key achievements are:
Belfast International Airport v Commissioner of Valuation VR/9/2016 - Lands Tribunal decision on Contractor's Method. John Gowland MRICS DipRating provided expert advice to BIA
Coleraine Football Club – Five years backdated refund with total savings of £23,000
What Our Clients Say
“Pleased to have worked with John Gowland over recent months to get a great result for our club, really pleased with the outcome, significant for a business like ours - get in touch to see how they could help your business”
Simon Magee, Finance Director at Coleraine FC