Rating Manual section 4: valuation methods

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.