The Rates Appeal Deadline is fast approaching!

March 18, 2015

Clients should be aware that 31 March 2015 is an important deadline for rates appeals against the 2010 Rating List, on commercial properties. Dominic Stanger, our rating partner, explains that when the Rating List was extended by the current Government from 31 March 2015 to 31 March 2017, it was stipulated that savings from reductions in rateable values as a result of appeals submitted after 31 March 2015 would only be back dated to that date and not the start of the list. It is vitally important then, to put any appeals in by the end of this month if clients want to get the full benefit of the savings achieved. This is not widely known and we anticipate that many ratepayers risk losing out by not taking action in time. Rates are a tax on commercial property calculated by reference to the rental value of the property in 2008 i.e. two years before the start of the current Rating List. To stand the best chance of maximising the success of any appeal, the appeal should be submitted by an expert rating valuer. We have had great results from appeals submitted, with significant savings being achieved for clients in over 90% of cases.

So the message is “don’t delay???. Get in touch with Dominic [email protected] to discuss an appeal as soon as possible!