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You are viewing the version of the document as on 2024-12-03.

net annual rent

(in UKLR103) (in relation to a property) the current income or income estimated by the valuer:

  1. (a) ignoring any special receipts or deductions arising from the property;
  2. (b) excluding Value Added Tax and before taxation (including tax on profits and any allowances for interest on capital or loans); and
  3. (c) after making deductions for superior rents (but not for amortisation) and any disbursements including, if appropriate, expenses of managing the property and allowances to maintain it in a condition to command its rent.15