Business Rates Relief & Exemptions Consultancy

The property tax system is notoriously complicated; Keeping abreast of the many business rates relief schemes, exemptions, supplements and surcharges can be extremely difficult. Gerald Eve are on hand with expert advice and support for eligible property owners.

Business rates relief schemes vary across Scotland, Wales, Ireland and England. Local councils are responsible for handling relief applications and assessing whether or not properties are eligible for the discount. In some areas, local councils offer additional rates relief opportunities for limited periods of time.

Our role as business rates specialists is to help you navigate this often overwhelming area of tax, and to ensure that you take full advantage of any discounts available to you. We can keep you on informed of new opportunities and can create strategies for meeting or appealing new property tax costs.

There are a number of types of relief which ratepayers must apply for in order to be considered. These include:

For information on how Gerald Eve can help with the management of your business rates, call us today on 0845 1288 952 or send an email to one of rating system experts at rating@geraldeve.com

Summary of rates relief changes across the UK

England:

Scotland:

Wales:

Transitional Relief Advice from Gerald Eve

For many ratepayers, particularly those outside of central city locations, the change in their business rate bills will only be small. For some property owners however, the 2017 rates revaluation will see their bills increase significantly. If your business is in the latter group, you may be able to receive ‘transitional relief’. This means that your tax costs will change gradually, enabling companies to prepare and adjust to their new rates.

Transitional relief schemes will see individual’s annual business rates bills capped at a set percentage, setting limits for how much rates can increase or decrease within the year. As with the transitional arrangements in the 2010 revaluation, the caps on increases and reductions will be calculated prior to the large business supplements and London supplements

Changes to your property tax bill which occur as a result of reasons outside of the revaluation (such as changes to the property or to the amount of small business rate relief) are not covered by the transitional arrangements.

If you have yet to challenge your current rating assessment or are in need of advice, contact one of our business rates relief experts before April 1st.

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