But it is not only a case of doing £27 worth of repairs—three times the value of the difference between the ratable value and the gross value of the house.
Given the lapse of time since the last revaluation, it is inevitable that there are some large increases in ratable values, as well as large reductions.
It is proposed that discussions will take place with representatives of these undertakings to fix the basic aggregate ratable values and the formula for up-dating annually.
I cannot get from her the amount of the difference between the gross ratable value and the net ratable value because those are big words beyond her comprehension.
There are many agricultural cottages with a gross ratable value of £6 or £5 or, in some instances, as low as £3.
With the retention of non-domestic rates, ratable values had to be kept up to date.
First, local government has tax-raising powers, and ratable value, and this con- tinues, even though it has been decreased.
Let us take a cottage of a gross ratable value of between £3 and £6 on which the statutory deduction for repairs is £2.
