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2010 Rating Revaluation

The 2010 Rating Revaluation will take effect from 1st April 2010 - the first for five years. As a result the majority of commercial properties will experience changed rateable values.
 
This new Rating List will be deposited following a period of economic difficulty and the credit crunch has clearly had a major effect on rental values throughout the UK. It remains to be seen how the Valuation Office Agency will treat the decline, as the antecedent valuation date for this revaluation is 1st April 2008. This also coincided with the much criticised changes in empty property relief that have punished many commercial landowners who have been unable to find tenants.
 
Draft rateable values and summary valuations were announced by the Valuation Office Agency on 1st October 2009. Please contact us now for urgent rates advice on the 2010 Rating Revaluation, the first for 5 years.
 
Sanderson Weatherall offers commercially astute and thoroughly professional advice to clients, which is fully compliant with the RICS/IRRV/RSA Rating Consultancy Code of Practice.
 
Click here to contact the Rating team.
 
   
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