Natural History Museum wins tax appeal to reduce rental value to £1

AI-summarized · Neutrality-checked

The Valuation Tribunal for England ruled that London’s Natural History Museum should have its rateable value reduced from £12.92 million to £1, effective from 1 April 2017. The museum successfully argued that as a public-service institution offering free admission, it could not be operated profitably by a hypothetical tenant and therefore should not be…

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