Chartered Surveyors &
Commercial Property Experts

Valuation & Lease advisory

Business Rates and Appeals.

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All companies who occupy premises need to pay non-domestic rates on the premises, which they either own or lease. As of 1 April 2008, all companies must also pay non-domestic rates on empty premises for which they are responsible.

Important Information:

  • The non-domestic rates are an annual charge payable to the local authority based on the Rateable Value which is calculated as the hypothetical rent for the accommodation that you are responsible for, whether it is occupied or not occupied.
  • If part of the premises has been demolished, then it is essential to lodge a Rating Appeal as the rating charge is based on the lettable space.
  • The current rateable value was last re-assessed in 2017.
  • The next revaluation will come into effect on 1 April 2023, based on rateable values from 1 April 2021.

Fairhurst Buckley has a wealth of experience in negotiating with Valuation Officers throughout the UK and dealing with Rating Appeals that deliver a successful outcome, to keep rating liabilities to a minimum.

Following receipt of instruction:

  • A Chartered Surveyor skilled in Ratings Appeals will inspect and measure the premises for Rating purposes and investigate the Rateable Value.
  • Following a detailed assessment of value, if the Rateable Value is deemed to be excessive then a Rating Appeal will be lodged on your behalf.
  • Negotiations will commence with the Valuation Officer to agree to a revised Rateable Value, based upon local market evidence.
  • Soon after a settlement to a reduced Rateable Value has been agreed, an appropriate refund is issued by the local authority that can currently be backdated as far back as April 2017.

Enquire about Business Rates and Appeals

Or for more information, please contact us

Sales & Lettings: 0161 480 3880
General Enquiries: 0161 476 9476
enquiries@fairhurstbuckley.co.uk

Fairhurst Buckley Ltd,
7 Acorn Business Park,
Heaton Lane,
Stockport,
Cheshire
SK4 1AS