Reduction Agreed:
Office in Hackney, Hammer Properties managed to get the Valuation Office to agree a reduction from £53,050 to £18,250. 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 | £53,050 | £18,250 | Saving |
2010-11 41.4% | £21,962.70 | £7,555.50 | £14,407.20 |
2011-12 43.3% | £22,970.65 | £7,902.25 | £15,068.40 |
2012-13 45.8% | £24,296.90 | £8,358.50 | £15,938.40 |
2013-14 47.1% | £24,986.55 | £8,595.75 | £16,390.80 |
2014-15 48.2% | £25,570.10 | £8,796.50 | £16,773.60 |
2015-16 (average 49.0%) | £25,994.50 | £8,942.50 | £17,052.00 |
2016-17 (average 50.0%) | £26,525.00 | £9,125.00 | £17,400.00 |
TOTAL | £172,306.40 | £59,276.00 | £113,030.40 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14987403000
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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