Reduction Agreed:
Office in Southwark, Hammer Properties managed to get the Valuation Office to agree a reduction from £30,250 to £24,750. 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 | £30,250 | £24,750 | Saving |
2010-11 41.4% | £12,523.50 | £10,246.50 | £2,277.00 |
2011-12 43.3% | £13,098.25 | £10,716.75 | £2,381.50 |
2012-13 45.8% | £13,854.50 | £11,335.50 | £2,519.00 |
2013-14 47.1% | £14,247.75 | £11,657.25 | £2,590.50 |
2014-15 48.2% | £14,580.50 | £11,929.50 | £2,651.00 |
2015-16 (average 49.0%) | £14,822.50 | £12,127.50 | £2,695.00 |
2016-17 (average 50.0%) | £15,125.00 | £12,375.00 | £2,750.00 |
TOTAL | £98,252.00 | £80,388.00 | £17,864.00 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/15002017000
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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