Correspondence: Peter K. Brown, School of the Built Environment, Peter Jost Enterprise Centre, Byrom Street, Liverpool L3 3AY, UK. Tel: +44 (0)151 231 2803; Fax: +44 (0)151 231 2815; E-mail: p.k.brown@livjm.ac.uk

¹is the joint author of publications that include Rating Digest, Encyclopaedia of Local Taxation, Rating Valuation: Principles and Practice, The Contractor's Basis of Valuation, A Study of European Property Taxation, plus a range of electronic non-domestic rating publications. He is a regular speaker at conferences on international property taxation, non-domestic rating and valuation. He is a former David C Lincoln Research Fellow, a member of the Wood Committee on Plant and Machinery and advisor on rating reform in Northern Ireland. He is Professor of Property Taxation at John Moores University.

Received 24 October 2007; Revised 24 October 2007.

Abstract

This paper reviews the development and application of the receipts and expenditure approach to the valuation of leisure property for non-domestic rating and highlights some of the key issues in its application. It further reviews some recent Lands Tribunal decisions in the area.