Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Shop in Hammersmith & Fulham. Hammer Properties agreed a reduction from £11,500 to £10,750 with the Valuation Office. 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 | £11,500 | £10,750 | Saving |
2010-11 40.7% | £4,680.50 | £4,375.25 | £305.25 |
2011-12 42.6% | £4,899.00 | £4,579.50 | £319.50 |
2012-13 45.0% | £5,175.00 | £4,837.50 | £337.50 |
2013-14 46.2% | £5,313.00 | £4,966.50 | £346.50 |
2014-15 47.1% | £5,416.50 | £5,063.25 | £353.25 |
2015-16 (average 48.0%) | £5,520.00 | £5,160.00 | £360.00 |
2016-17 (average 49.0%) | £5,635.00 | £5,267.50 | £367.50 |
TOTAL | £36,639.00 | £34,249.50 | £2,389.50 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14964729000
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