Schedules
Schedule 4Determining and sharing the market value
Part 5The standard valuation method
29Step 3: calculate the market value of the newly owned premises subject to the standard valuation method
1
Step 3: add together—
a
the term value amount, and
b
the reversion value amount.
2
The “term value amount” is—
a
the term value determined under step 1 (if there is only one term value), or
3
The “reversion value amount” is—
a
the reversion value determined under step 2 (if there is only one reversion value), or