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Scrap the valuation office

Comment 9th July 2010

Scrap the valuation office and use actual market rents as the basis of calculating the rateable value of property.

Why does this matter?

The valuation office is vastly expensive to run and the valuations they produce are just fiction. If the actual rents paid for properties were used as the starting point for rateable value the savings to the tax payer would be significant and the accuracy of the assesments would improve.

All the information needed can be collated from the inland revenue and the land regestry, as rental incomes are all declaired on tax returns

Its expensive, innaccurate and unnessesary, scrap the valuation office now.

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