Newbigin (Valuation Officer) v S J & J Monk (a firm) [2017] UKSC 14, [2017] All ER (D) 01 (Mar)
The Supreme Court held that the statutory assumption, that a hereditament was in a state of reasonable repair, did not displace the principle that a hereditament was to be valued as it, in fact, existed. The Court of Appeal had erred in interpreting the assumption as entailing a major departure from the reality principle and, as the appellant’s premises had been undergoing reconstruction, the rating list could be altered to reflect that reality.