SITE VALUE.
L'ro THE EDITOR Or THE ”SpEcTATon."1 SIR,—I think it may be useful to give an example of the way the Government valuators are acting. No doubt my case is only a sample of thousands of others. I own a cottage on which I spent three years ago £72 and subsequently let it for £8 per annum. I received from the valuator a paper valuing the cottage at 252 and site value at £8. The cottage is on a very steep slope, and all the site value has been put there by myself and predecessors ; it is only thirty-one perches. Consequently, if I sold the cottage for £175 (the lowest I would take), the Government would claim Increment Tax on £123, and site value on £8 which is not worth £2. I do not blame the valuator, who is no doubt under orders from the Chancellor of the Exchequer, but what a Govern-
Previous page
