Part 3: appendix 3 - the contractor's basis - prescribed decap rate
The Valuation Office Agency's (VOA) technical manual for the rating of business (non-domestic) property.
The following table contains the prescribed decapitalisation rates for England and for Wales.
|Enabling Regulation||Applicable in||Applicable to||Rate Applicable to Hospitals and Educational Hereditaments (& Defence Hereditaments After 1/4/00)||Rate Applicable to all other Hereditaments|
|1989 No. 2303||England & Wales||1990 Rating List||4%||6%|
|1994 No. 3122||England & Wales||1995 Rating List||3.67%||5.5%|
|2000 No. 532||England||2000 Rating List||3.67%||5.5%|
|2000 No. 908 (W. 39)||Wales||2000 Rating List||3.67%||5.5%|
|2004 No.1494||England||2005 & 2010 Rating Lists||3.33%||5%|
|2004 No.1000 (W. 106)||Wales||2005 Rating List||3.3%||5%|
|2008 No. 2997 (W. 262)||Wales||2010 rating List||*2.97%||4.5%|
*In Wales only, the lower decap rate of 2.97% also applies to public conveniences for the purposes of the 2010 Rating List.