Annual value of unit
8D Annual value of unit
The annual value of a unit is:
the gross annual rental of the unit; or
5% of the improved capital value of the unit,
whichever is the greater.
(2) In determining the annual value of a unit under subsection (1) which are premises occupied for trade, business or manufacturing purposes, such value shall not include the value of plant, machines, tools or other appliances which are not fixed to the premises or which are only so fixed that they may be removed without causing structural damage to the premises.
(3) In determining the annual value of a unit under subsection (1) it shall be assumed that the unit with the improvements, if any therein, is not subject to a determination in relation to rent under section 43 of the Residential Tenancies Act 1999.
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