Rating & Valuation - Business Rates
Business Rates are a tax based on the Rateable Value of business property.
The Rateable Value is calculated by the Valuation Office Agency and your Local Authority collects the rates based on a multiplier, which increases each year, of the Rateable Value.
With effect from April 2010 the Valuation Office Agency has reassessed the Rateable Value of all business properties. It is important therefore to ensure that your Rateable Value assessment is correct. If it is too high, you will pay more in business rates than you need.
Assessments can be appealed on a number of grounds and over the years with our in-depth local knowledge and valuation expertise, we have secured reductions in Rateable Value assessments for many clients.
As on appeal the Rateable Value can be increased, an initial assessment and proper professional advice is needed at the outset. With understanding of valuation principles, we are well placed to assist and advise.
Our fees are usually performance related and are based on a percentage of the reduction achieved in the Rateable Value.
To discuss this valuable service in greater detail, please contact Peter Layer in the first instance.