To ask the Minister of Finance to detail any valuation methodologies used by Land and Property Services when assessing pubs, and licensed premises, for the purposes of Reval2026.

Land & Property Services uses the industrystandard Receipts and Expenditure (R&E) valuation method to determine the rental value of pubs and licensed premises, reflecting how these properties are let in the real market.

As set out in my statement to the Assembly of 2 February 2026, I have stopped Reval 2026 in response to the concerns raised by businesses, including those in the hospitality sector, about the implications of proceeding with the draft valuations at this time.

My full statement is available at:

Finance Minister Oral Statement - Reval 2026 | Department of Finance

A paper detailing the Receipts and Expenditure valuation method for valuing licenced premises was deposited in the Assembly Library on 9 February.