Reduction Agreed:
Shop in Newcastle upon Tyne, Hammer Properties managed to get the Valuation Office to agree a reduction from £9,000 to £8,700. 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 | £9,000 | £8,700 | Saving |
2010-11 40.7% | £3,663.00 | £3,540.90 | £122.10 |
2011-12 42.6% | £3,834.00 | £3,706.20 | £127.80 |
2012-13 45.0% | £4,050.00 | £3,915.00 | £135.00 |
2013-14 46.2% | £4,158.00 | £4,019.40 | £138.60 |
2014-15 (average 47.0%) | £4,230.00 | £4,089.00 | £141.00 |
2015-16 (average 48.0%) | £4,320.00 | £4,176.00 | £144.00 |
2016-17 (average 49.0%) | £4,410.00 | £4,263.00 | £147.00 |
TOTAL | £28,665.00 | £27,709.50 | £955.50 |
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/2010/14922034000
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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