Rates in the United Kingdom
Indeed, the Court of Appeal in 2001 said "The law of rating is statutory and ancient, going back even before the Poor Relief Act 1601".Rates on residential property were based on the nominal rental value, reassessed periodically in revaluations.[5] Domestic rates were a more stable income source for local government as they are based entirely on property values which provide greater financial certainty to councils - reducing their cost of borrowing.Evasion of domestic rates was also more difficult in Scotland than in England as property ownership in Scotland can be more easily proven as Scots law has required public registration for a transfer of property to be effective since 1694,[6] whereas HM Land Registry is incomplete [7] and a compulsory public declaration is a more recent requirement.Later physical changes will have a later Material Day but the Antecedent Valuation Date will still be 1 April 2003 for the currency of the 2005 Rating List.In the present case the owners of Walford House could not in theory or in practice be deprived of the benefit of the mutual rights of support if they failed to repair the roof.