| |
Rating Liability
A Rating Liability is a charge based on the occupation of commercial
land and buildings, administered by the Local Authority.
The "Rateable Value" of a property is assessed
by the Government's Valuation Office and can have similarities
to the rental value of the property.
All Land and Buildings are revalued every 5 years and the
current assessment is effective from 1 April 2000.
The Local Authority use the Rateable Value to calculate the
level of business rates to charge to the property occupier,
by adopting a multiplier known as the Uniform Business Rate.
An appeal against a Rateable Value can be lodged by a person
having an interest in the property.
If successful, and the Rateable Value is reduced, then the
local authority will reimburse overpaid rates, backdated to
the date of the Appeal.
There are various grounds for lodging an Appeal.
Also a number of reliefs from a rating liability are available;
for example in the circumstances of temporary non-occupation
of a property, charitable status of the occupier, and the
effect of major works of construction adjacent or nearby to
a property.
 |
Before you go office
hunting, make sure you have defined your space needs and service
priorities. Global Office Search can help you determine your
exact space requirements, locate the commercial properties that
best fit and help you negotiate favourable terms. |
|
|
|
Global Office Search
Global Office Search
|
| Global Office Search can provide
in-depth knowledge. |
|
|
| Insight on the potential
for buying, selling or leasing offices and commercial
property and land in London and throughout the UK. |
|
|
| We specialise in offices, with or without
warehouse, distribution or industrial space, and we represent
many owners, occupiers, developers and investors across the
country. |
|
| As part of your office relocation
process, we offer an informal meeting to assess the realistic
options of selling or letting existing commercial property
or finding more suitable alternatives. |
|
|
| We make our recommendations
but you decide what happens next. |
|
|
|
|
|
