what is meant by rateabale value in taxation.
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TXtaxation
It’s the annual value of the property which employer owns.
"The taxable value of accommodation provided to an employee is the rent that would have been payable if the premises had been let at their annual value (sometimes called 'rateable value')." BPP p46
"The taxable value of accommodation provided to an employee is the rent that would have been payable if the premises had been let at their annual value (sometimes called 'rateable value')." BPP p46
it means annual value is the rent that the employer would get in the open market if he would have let it.is it okay
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