There can be many reasons why the Rateable Value on your property and/or the overall rates liability is incorrect. This can apply at the start of a Rating List or occur during the course of the Revaluation period. These will typically include:
The key is to apply expertise with a rates mitigation game-plan
Minimising this property tax involves us gaining a detailed understanding of your property, analysing comparable evidence and applying a strategic approach to our negotiations with the Valuation Office Agency or billing authorities.
We submit formal challenges (where appropriate), make relief applications in a timely fashion and apply our technical know-how and rating list tracking in creative ways.
It is important to work closely with you over the duration of the Revaluation cycle; a collaborative relationship helps to pick up on any changes that can represent saving opportunities.
If you would like to explore the potential for reducing your current rates liability and preparations for the new ‘Check, Challenge, Appeal’ regime from 1 April 2017, please feel free to contact our specialist rating team for some initial informal advice.
Request a Business Rates Audit
Our business rates audit is an informal no-cost review of your current and future rates liability.
Vail Williams was appointed to advise London-based property investors, Renaissance Capital Partners, in March 2019.
- Year: 2019
- Type of client: Investor
- Inherited case about to go to tribunal
- Built a case in two weeks
- Successfully negotiated with valuation officer
- Reduced business rates payable from £83,000 to nil for period of 16 months whilst building work was ongoing
- Resulted in saving to client of approx. £32,000