Business Rates
All businesses are required to pay
business rates on the commercial premises they occupy.
The amount of
rates payable on a property is dependent upon its Rateable
Value – this is the Government’s opinion of
the value of the property. These valuations were last updated
on 1st April 2005 and are not due to be revised again until
2010.
Appeals can be lodged against these Rateable
Values.
History has shown that many Rateable
Values are set too high. As the Government had to value
all 1.76m commercial properties throughout the country in
a short time frame with limited resources the Rateable Value
on a property effectively represents an approximate best
estimate. Consequently there is a very good chance that
it will be too high - a reduction in Rateable Value should
lead to a reduction in rates liability.
Contact
us today, for for a free appraisal
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