86 GREAT BRITAIN AND IRELAND - MISCELIvANEOUS 



of any land by any person interested in the land for the purpose of streets, 

 roads, paths, squares, gardens, or other open spaces for the use of the 

 jniblic; and 



" Any part of the total value which is proved to the Commissioners 

 to be directly attributable to the expenditure of money on the redemption 

 of any land tax, or any fixed charge, or on the enfranchisement of copy- 

 hold land or customary freeholds, or on effecting the release of any covenant 

 or agreement restricting the use of land which may be taken into account 

 in ascertaining the total value of the land, or to goodwill or any other 

 matter which is personal to the owner, occupier, or other person interested 

 for the time being in the land ; and 



" Any sums which, in the opinion of the Commissioners, it would be 

 necessary to expend in order to divest the land of buildings, timber, trees, 

 or other things of which it is to be taken to be divested for the purpose 

 of arriving at the Full Site Value from the Gross Value of the land and of 

 which it would be necessary to divest the land for the purpose of realising 

 the Full Site Value. 



" Where anj'- works executed or expenditure incurred for the pur- 

 pose of improving the value of the land for agriculture have actually im- 

 proved the value of the land as building land, or for the purpose of any 

 business, trade, or industry other than agriculture, the works or expenditure 

 shall, for the purpose of this provision, be treated as having been executed 

 or incurred also for the latter purposes. " 



The Assessable Site Value is akin to Total Value except that the build- 

 ings and other subjects for divestment are assumed to have disappeared ; 

 in other words the Assessable Site Value is the actual market value of a 

 hjrpothetical bared site, but thereafter deductions are made for the value that 

 the owner or his predecessors in title have contributed to the property to 

 improve it for any purpose other than agriculture. 



Form 7 (see Appendix 11) is sent to owners who desire to claim the 

 deductions. 



The Value for Agricultural Purposes is not defined but may be taken 

 to be the market value of the property as if sold under the restriction that 

 it must only be used for agricultural or forestry purposes. 



Before proceeding further it might be advisable to summarise these mean- 

 ings of the values as succincth^ (and therefore not quite accurately) as possible: 



Gross Value : Fee simple in possession ; property freed from all char- 

 ges and adverse rights except rates, taxes and repairs ; an ideal hypothet- 

 ical condition. 



Full Site Value : As above but land is now bare. 



Total Value : Actual market value of a fee simple in possession, after 

 regarding perpetual charges and adverse rights. 



Assessable Site Value : As above but land is now bare, and then deduc- 

 tions are made for value contributed by owners past and present. 



Special attention must be drawn to the basis of valuation," the amount 

 which the fee simple of the land if sold at the time in the open market 

 by a willing seller in its then condition might be expected to realise ". 



