Supreme Court Judgement (VOA v Monk) Response Comment

Commenting on the Supreme Court’s overturning of the Court of Appeal’s judgement in VOA v Monk, Richard Nice, partner at Gerald Eve, said:

“This ruling is a victory for common sense and keeps in place the long established principle of nil business rates liability during redevelopment or major refurbishment. Ever since the Court of Appeal’s judgement 18 months ago, valuation officers have refused to de-rate properties for the duration of a building scheme creating a major disincentive to carry out such work – contributing to the deterioration of the country’s commercial property stock. It is pleasing that the Supreme Court has unanimously thrown out the Court of Appeal’s judgement and restored an element of commerciality to a business rates system suffering so much criticism presently.”