Reduction Agreed:
Shop in Ipswich, Hammer Properties managed to get the Valuation Office to agree a reduction from £11,250 to £10,750. 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 | £11,250 | £10,750 | Saving |
2010-11 40.7% | £4,578.75 | £4,375.25 | £203.50 |
2011-12 42.6% | £4,792.50 | £4,579.50 | £213.00 |
2012-13 45.0% | £5,062.50 | £4,837.50 | £225.00 |
2013-14 46.2% | £5,197.50 | £4,966.50 | £231.00 |
2014-15 (average 47.0%) | £5,287.50 | £5,052.50 | £235.00 |
2015-16 (average 48.0%) | £5,400.00 | £5,160.00 | £240.00 |
2016-17 (average 49.0%) | £5,512.50 | £5,267.50 | £245.00 |
TOTAL | £35,831.25 | £34,238.75 | £1,592.50 |
This reduction has just been agreed and therefore is not listed on the VOA website as yet.
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
You must be logged in to post a comment.