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The Gross Annual Value (GAV), also called just the Annual Value, of a property is used in calculating the tax or rent which should be applied to the property. ==Details== In India the Gross Annual value is the current value, the actual rent (whether received or receivable) or the fair rental value, whichever is highest or which the property might be expected to attract on the open market in ideal circumstances where there is neither a glut nor a shortage of accommodation.〔(University of Delhi )〕 The following four factors are taken into consideration while determining the GAV of a property: # The rent payable by the tenant (actual rent) # The municipal valuation of the property # The fair rental value (market value of a similar property in the same area) # The standard rent payable under the Rent Control Act If a property is self-occupied then the GAV is considered to be nil.〔(The Hindu )〕 In Falkirk in Scotland the Gross Annual Value is used to calculate Council house rent based on factors such as house type, age, structure, number of apartments, overall floor area, location and type of heating.〔(Falkirk Council )〕 The Gross Annual Value is also used in the United Kingdom as the basis for calculating Income tax from property following the replacement of property rates with the Community Charge.〔(UK Tax Authority )〕 It has in some cases become a more general term to refer to the annual value of an asset before expenses incurred relating to the ownership of the asset. Where the asset can be property, or something else, such as a share in a business, or other financial asset.〔(Accounting Explanation )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Gross annual value」の詳細全文を読む スポンサード リンク
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