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% |
|
2015 No. 1759 (W.243) |
Wales |
2017 Rating List |
*2.1% |
3.8% |
|
2016 No 777 |
England |
2017 & 2023 Rating Lists |
2.6% |
4.4% |
|
2021 No 1141 (W. 278) |
Wales |
2023 Rating List |
*1.9% |
3.4% |
- In Wales only, the lower decap rate also applies to public conveniences.