Reduction Agreed:
Shop in Barnet, Hammer Properties managed to get the Valuation Office to agree a reduction from £13,000 to £11,500. In real terms this means the following saving will apply excluding any transitional relief (*) or Small Business Rates relief given by the local authority.
Year/Rate | £13,000 | £11,500 | Saving |
2010-11 40.7% | £5,291.00 | £4,680.50 | £610.50 |
2011-12 42.6% | £5,538.00 | £4,899.00 | £639.00 |
2012-13 45.0% | £5,850.00 | £5,175.00 | £675.00 |
2013-14 46.2% | £6,006.00 | £5,313.00 | £693.00 |
2014-15 (average 47.0%) | £6,110.00 | £5,405.00 | £705.00 |
2015-16 (average 48.0%) | £6,240.00 | £5,520.00 | £720.00 |
2016-17 (average 49.0%) | £6,370.00 | £5,635.00 | £735.00 |
TOTAL | £41,405.00 | £36,627.50 | £4,777.50 |
You can view this information on the VOA website by using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14931425000
Want to see what we could do for you? Contact us using the following links:
Blog: https://hammerproperties.wordpress.com/contact-us/
Website: http://www.hammerproperties.co.uk/
Facebook: https://www.facebook.com/HammerPropertiesIlford
(*) What is Transitional Relief? See the following link: https://hammerproperties.wordpress.com/2013/12/04/what-is-transit/
(*) What is Small Business Rates Relief? See the following link: https://www.gov.uk/apply-for-business-rate-relief/small-business-rate-relief
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