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Multipliers for the Rate Year 2009/10.

Pre Budget Report - Empty Properties <go to item>

The final year of the 2005 Rating List is almost upon us and the provisional multipliers for England for the year commencing April 2010 have been announced by the Department of Communities and Local Government.

The Small Business Non Domestic Rating Multiplier will be increased in line with inflation, to 0.481

The supplement for the contribution to SBRR (Small Business Rate Relief) will remain at 0.004, making the Non Domestic Rating Multiplier 0.485

Wales

The Welsh multiplier will be increased in line with inflation to 0.489

Scotland

As in England, the multiplier in Scotland will be 0.481 with a supplement of 0.004 for those properties with an RV (Rateable Value) over 29,000

Pre Budget Report - Empty Properties

In the pre budget report, the Chancellor, Alistair Darling, announced that for the rate year 2009/10 empty business properties with a rateable value of less than 15,000 will be exempt from business rates. This is a change from the current figure of 2,200 and is expected to be for one year only.

Adrian Smith is a Rating Surveyor with over 25 years experience in representing and advising ratepayers. He has an in depth knowledge from both sides of the fence as he has spent much of his working life with the Valuation Office Agency as well as representing private sector business and acting as consultant to professional property firms.

He has the knowledge, experience and technical expertise to advise on all aspects of rate liability including valuation, the application of transitional arrangements, rating appeals, material change of circumstance, temporary allowances, empty property rate, section 44a relief, transitional certificates, charitable and other reliefs, as well as acting on your behalf in an appeal against your rateable value and representing you at valuation tribunal.

If you are a ratepayer or a property professional and require advice on rating matters it is essential that you consult a rating specialist.

For previous news items from ASR, please click here

 

 
 
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