How is the annual value of my property calculated?
The annual value (AV) is the estimated annual rent of your property if it were to be rented out, excluding the furniture, furnishings and maintenance fees.
It is determined after analysing the rents of similar or comparable properties. The basis of determining the AV is the same whether the property is rented out at high or low rental rates, owner-occupied or left vacant.
Can’t find what you’re looking for?