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Section 105(3) ITEPA 2003

Some United Kingdom properties do not have an actual gross rating value. For those properties a notional gross rating value should be provided by the employer (see EIM11436). If you need a notional gross rating value to check a figure provided by an employer, or otherwise, ask the District Valuer. Do not use form CG20(new). Send a typed memo stating:
- the name and address of the employee and the employer - the address of the property for which the notional gross rating value is required - that the valuation is required to quantify a charge under Section 105 ITEPA 2003 - that the figure required is the gross rating value the property would have been given under the old rating system - the employer’s estimate (if any) of the notional gross rating value - whether a not negotiated or an agreed value is required - if an agreed value is required, the name and address of the person with whom the value is to be agreed (if other than the taxpayer).

»Ê¹ÚÌåÓýapp District Valuer can also help find an actual gross rating value for a property where such a figure was set in the past but the amount cannot be found from any other source.