Rating Advice
Business Rates is a tax which is payable by all occupiers of commercial premises. The Rateable Value is linked to the market rent and can be subject to change for a variety of reasons.
Changes of occupier, change of use, sub-letting of part and demolition all can give rise to new assessments, these are in addition to the 5 yearly review of the whole Rating List which is due to be updated in April 2010.
With Business Rates typically being 40% or more of the rent being paid at any one time, ensuring that the tax is being correctly assessed is vital. We can advise clients as required and submit appeals to amend assessments which appear to be incorrect or wrongly charged.
Robert Alston is a Chartered Surveyor with nearly 20 years experience of the Cambridge commercial property market. He provides independent commercial property advice to companies and individuals in a discreet, professional way.