We recently saved our Client, the occupier of a large industrial unit in Devon, £100,000 in business rates. Our client asked us to undertake a speculative review of the rateable values of a portfolio of properties, including an industrial unit with a rateable value of £91,000.
Our analysis of the contractors basis valuation revealed the Valuation Office Agency had included inaccurate information within the valuation. Two key errors were highlighted: six waste recycling bays were included in the valuation, whilst in truth there were only five bays at the site and each bay measured approximately 12 metres in length, rather than the 37 metres recorded by the Valuation Office Agency.
The outcome was the amendment of the contractors basis valuation and therefore the reduction of the rateable value for the entirety of the 2023 Rating List. The error was also rectified in the 2017 Rating List, resulting in significant backdated savings for our Client totalling approximately £100,000.
Our analysis of the contractors basis valuation revealed the Valuation Office Agency had included inaccurate information within the valuation. Two key errors were highlighted: six waste recycling bays were included in the valuation, whilst in truth there were only five bays at the site and each bay measured approximately 12 metres in length, rather than the 37 metres recorded by the Valuation Office Agency.
Our experienced team is ready to assist with unparalleled regional advice.
