Reduction Agreed:
Shop in Leeds, Hammer Properties managed to get the Valuation Office to agree a reduction from £28,750 to £27,250. 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 | £28,750 | £27,250 | Saving |
2010-11 41.4% | £11,902.50 | £11,281.50 | £621.00 |
2011-12 43.3% | £12,448.75 | £11,799.25 | £649.50 |
2012-13 45.8% | £13,167.50 | £12,480.50 | £687.00 |
2013-14 47.1% | £13,541.25 | £12,834.75 | £706.50 |
2014-15 48.2% | £13,857.50 | £13,134.50 | £723.00 |
2015-16 (average 49.0%) | £14,087.50 | £13,352.50 | £735.00 |
2016-17 (average 50.0%) | £14,375.00 | £13,625.00 | £750.00 |
TOTAL | £93,380.00 | £88,508.00 | £4,872.00 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/15000500000
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.