Local Taxation - Level 3

Question 1

Tell me about a valuation method you have utilised in a rating valuation.

Answer 1

Comparable Method when looking for office, shops and industrial rental evidence

Question 2

Tell me how you have complied with the RICS guidance in a rating VT
case?

Question 3

Soho – please explain what a dumbwaiter is and how the agent felt it
impacted the RV?

Question 4

Soho - Why did you feel that an allowance for layout and natural light was not warranted?

Question 5

Soho - Why did you think the dumbwaiter was of benefit?

Question 6

Soho - Tell me about your negotiations with the agent?

Question 7

Soho - How did you persuade them of your viewpoint?

Question 8

Soho - what was the age and construction

Question 9

Soho – how did you advise on this challenge?

Question 10

Soho- What were the key factors influencing the challenge?

Question 11

Soho - What evidence supported your decision?

Question 12

Soho - Why did you advise there should be no change to the RV?

Question 13

Huddersfield – talk me through your adjustments and analysis on the subject and comparable properties?

Question 14

Huddersfield – What was your advice once you arrived at a figure lower than the one the agent requested?

Question 15

Huddersfield – how did you advise on the limited evidence received?

Question 16

Huddersfield – Why did you advise that the base rate was excessive?

Question 17

Huddersfield – Explain your analysis of the evidence.

Question 18

Huddersfield – What did this lead you to advise in terms of amending the RV?

Question 19

Office – what were the MCC’s opposite the building?

Question 20

Office - What investigations did you take?

Question 21

Office – how did you advise on the challenge?

Question 22

Office - Why did you advise that no allowance was warranted?

Question 23

Office - How did the subject rent affect the RV?

Question 24

Office - How did you advise on the nature of the disruptions as on the material day?

Question 25

Office - How did you advise on your decision that no allowance was applicable?

Question 26

Office - What action did you take to close the matter?

Question 27

Office - What is the Material day for MCC

Answer 27

• Challenge the material day is the date check was submitted
• Check the material day would be date of event

Question 28

Office - Describe an MCC in legal terms? (use schedule 6 to define)

Question 29

Office - What was your advice to the client?

Question 30

Office - What are the 6 factors that constitute an MCC?

Question 31

Office - What would have happened if you hadn’t been able to agree?

Question 31

Office - Why did you decide no allowance was warranted?

Question 32

Office - What was the material day?

Answer 32

18th October 2022