Non-domestic rates: decapitalisation rates for the 2023 revaluation

Closes 13 Mar 2022

Opened 20 Dec 2021


The next revaluation of non-domestic property in Scotland is due to take effect from 1 April 2023 based on rental values as at 1 April 2022 (the 'tone date'). At revaluation Scottish Assessors review rateable values resulting in a new valuation roll for all non-domestic properties in Scotland. While most rateable values are based on estimated annual rent, around 9% of subjects, accounting for 22% of total rateable value are derived using the contractor's basis method of valuation.

In the contractor's basis method of valuation, the capital value (cost of rebuilding) of a property is estimated, then a decapitalisation rate is applied to give an annual equivalent rateable value.

This consultation paper paper invites views on the prescription of the decapitalisation rate(s) to be used when non-domestic subjects are valued using the contractor's basis for the next revaluation.

Read the consultation paper

Why your views matter

Responses to this consultation will be analysed and taken into account as Scottish Ministers consider the setting of decapitalisation rates in advance of the next revaluation.

Give us your views


  • Economy