Below you will find the answer to the question:
Why does the valuation break down my hotel or guest house into various rooms with or without facilities?
Answer:
We break our valuation of guest houses and hotels down by room so that our valuation takes into account the size of the rooms and the facilities.
We adjust the value of letting rooms that are not double bed units by a formula based on their size and en-suite facilities. For example, a single room without en-suite would not let for the same value as a double room with en-suite, so we adjust the valuation to allow for this.
What about residents’ common areas?
We will normally reflect the common areas of guest houses or smaller hotels in the overall valuation of the letting rooms at your premises.
What about my bar/restaurant offering service to non-residents?
We will normally value a bar/restaurant that is open to non-residents separately to the main premises.
Related questions and help pages
- How we value guest houses and B&Bs
- What does double bed unit mean?
- I sent you my receipts - have you taken these into account?
- Why has my property been assessed for council tax as well as business rates?
- Why does a neighbouring holiday property have a lower rateable value when they have more rooms available?
- I no longer use this property for short term lettings/I let the property on a long-term tenancy – what should I do now?
