Today is the first working day from which appeals may be submitted against the new 2017 rating assessments.
I have found that in many cases, despite the Government’s claim to be a party for small business, many business rates assessments have increased sharply from the ‘old’ rating list.
Given that market rents in a significant number of locations in West Yorkshire have remained static or even fallen in some cases since the ‘old list’ was produced in 2010, this increase in rateable value is surprising but will be welcomed by rating consultants no doubt.
Andrew Idle Associates already have a lengthy list of business rate appeals to submit this week. They include assessments for large factory premises; trade showrooms and warehouses; former textile mills and retail shops.
No doubt many other Surveying Firms will be equally busy in this sector of our industry.
Rates are a big burden for those small businesses that don’t fall within the Small Business Relief band and hence do not receive any help from the Government.
From a Landlord’s perspective an excessive assessment is counter-productive to gaining an early re-let on vacant commercial premises and unless action is taken will quite possibly deter new occupiers from taking over the space.
If you as a Landlord or as a Tenant would like to discuss your situation without obligation, please call Andrew Idle on 01274 743884.