18 May 21 by Chris Sexton
Vickery Holman achieved £50,000 in Rates Savings for Property Undergoing Refurbishment Works
We acted on behalf of the new owner of a large warehouse building in Exeter which was being completely refurbished and upgraded prior to letting. The works were substantial including the removal of cladding.
The property was still entered in the Rating List and so our client was being charged rates whilst the refurbishment was being done. They had received a bill for over £50,000.
Even though the works were nearly complete when we were asked to help by prompt action, we still managed to initiate a Check and Challenge in time with all the detailed evidence required to prove to the VOA the rateable value should be deleted.
As a result of our successful challenge the whole bill of over £50,000 was cancelled and any payments made refunded.
Vickery Holman have a dedicated team of chartered surveyors who have the knowledge and expertise to advise of potential strategies to mitigate your business rates liability when properties are vacant, partially unoccupied or undergoing works. If you have an empty commercial property, a property undergoing works, or require general business rates advice, please contact a member of the business rates team.