Reduction Agreed:
Hammer Properties have successfully reduced the Rateable Value of a Shop in Wiltshire. Hammer Properties agreed a reduction from £14,500 to £13,750 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 | £14,500 | £13,750 | Saving |
2010-11 40.7% | £5,901.50 | £5,596.25 | £305.25 |
2011-12 42.6% | £6,177.00 | £5,857.50 | £319.50 |
2012-13 45.0% | £6,525.00 | £6,187.50 | £337.50 |
2013-14 46.2% | £6,699.00 | £6,352.50 | £346.50 |
2014-15 47.1% | £6,829.50 | £6,476.25 | £353.25 |
2015-16 (average 48.0%) | £6,960.00 | £6,600.00 | £360.00 |
2016-17 (average 49.0%) | £7,105.00 | £6,737.50 | £367.50 |
TOTAL | £46,197.00 | £43,807.50 | £2,389.50 |
You can view this reduction using the following link: http://www.2010.voa.gov.uk/rli/en/advanced/assessment-history/2010/15038937000
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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