Window for savings on 2017 Rating List has closed
You have until the 30th September to lodge a backdated 2017 rating appeal.
This is relevant to landlords’ whom have undertaken any redevelopment or refurbishment works on assets between now and April 2017.
The main scenarios we act on and have generated savings from are:
- Office refurbishments - strip-out works to shell and core OR Cat A condition (structural works not necessary)
- Commercial to residential conversions
- Periods of squatting
- Scheme of works that involved asbestos removal
When the 2017 Rating List closed on 31st March 2023 the VOA received over 70,000 checks in that single month. This is reflective of over seven times the average number of checks received by the VOA on a monthly basis. This figure is demonstrative of how many ratepayers feel as though they have unsettled reductions in the last list.
We have recovered £millions for landlords in backdated appeals and want to ensure that clients we represent do not miss this opportunity for business rate refunds.
Examples of properties which received a deletion from the Rating List
Car Park
Deleted as part of a residential scheme of redevelopment
- Rateable Value - £640,000
- Savings Created – Circa £600,000
Former Bank
Deleted as part of an Office redevelopment
- Rateable Value - £1,320,000
- Savings created – Circa £330,000
Get in touch
Our team can appraise your portfolio so that you do not miss any backdated refund opportunities. All instructions are on a ‘no win, no fee’ basis and we will only act if we believe a saving can be made.
Aoife Scanlon
Partner
Lease Advisory & Business Rates
Adam Patel
Trainee Surveyor
Lease Advisory & Business Rates