Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Shop in Torbay. Hammer Properties agreed a reduction from £15,500 to £12,250 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 | £15,500 | £12,250 | Saving |
2010-11 40.7% | £6,308.50 | £4,985.75 | £1,322.75 |
2011-12 42.6% | £6,603.00 | £5,218.50 | £1,384.50 |
2012-13 45.0% | £6,975.00 | £5,512.50 | £1,462.50 |
2013-14 46.2% | £7,161.00 | £5,659.50 | £1,501.50 |
2014-15 47.1% | £7,300.50 | £5,769.75 | £1,530.75 |
2015-16 (average 48.0%) | £7,440.00 | £5,880.00 | £1,560.00 |
2016-17 (average 49.0%) | £7,595.00 | £6,002.50 | £1,592.50 |
TOTAL | £49,383.00 | £39,028.50 | £10,354.50 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/14962446000
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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