Reduction Agreed:
Workshop in Sandwell, Hammer Properties managed to get the Valuation Office to agree a reduction from £16,500 to £11,250. 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 | £16,500 | £11,250 | Saving |
2010-11 40.7% | £6,715.50 | £4,578.75 | £2,136.75 |
2011-12 42.6% | £7,029.00 | £4,792.50 | £2,236.50 |
2012-13 45.0% | £7,425.00 | £5,062.50 | £2,362.50 |
2013-14 46.2% | £7,623.00 | £5,197.50 | £2,425.50 |
2014-15 (average 47.0%) | £7,755.00 | £5,287.50 | £2,467.50 |
2015-16 (average 48.0%) | £7,920.00 | £5,400.00 | £2,520.00 |
2016-17 (average 49.0%) | £8,085.00 | £5,512.50 | £2,572.50 |
TOTAL | £52,552.50 | £35,831.25 | £16,721.25 |
You can view this reduction using the following link; http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14883658000
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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