Living accommodation: property with no gross rating value set: valuation
Section 105(3) ITEPA 2003The measure of annual value for the Section 105 ITEPA 2003 provided living accommodation benefit for United Kingdom properties is the gross rating value of the property (see
Some United Kingdom properties have no figure of gross rating value set for them. This happens for some properties built in recent years after the general rating system ceased in most parts of the United Kingdom. In those cases an estimate has to be made of what the gross rating value would have been for the property.
The onus is on the employer to provide this figure. In most cases you will probably accept what the employer suggests as the amounts at stake are likely to be small. But if you do want to check the figure in worthwhile cases then you need to ask the District Valuer for help (see EIM11437).