21 Mar 22 by Jordan Kennedy
Rates mitigation during redevelopment
Vickery Holman are particularly well qualified to help mitigate your business liability should your property be undergoing refurbishment or redevelopment. Our rating consultants have an excellent record of assisting commercial property owners, occupiers and developers and recent successes have seen tens of thousands of pounds in savings secured for our clients. Whether you are converting a commercial property into residential accommodation, reconfiguring a commercial property, changing the use of a commercial property or planning extensive refurbishment to a commercial property, we can advise you.
Our Rating Consultants specialise in advising you whether planned works to your commercial property, or works already being undertaken, will qualify for the removal of your business rates assessment from the Rating List. We have the requisite expertise to apply the principles of the decisions in Newbigin (VO) v. Monk and Jackson (VO) v. Canary Wharf Ltd to your case and to advise as to the best timing and approach to secure a reduction in your business rates. We will submit a detailed Check to the Valuation Office Agency and negotiate on your behalf to achieve the best possible savings. Rates mitigation during redevelopment or refurbishment can be very useful to property owners.
Our expertise in this field also extends to applying for the removal of residential properties, subject to Council Tax, from the Council Tax Valuation List during programmes of redevelopment or refurbishment.
It is important to take action whilst work is going on. We handle projects of all sizes and would be pleased to offer our advice on mitigating your rates liability during any current projects, or those planned for the future.
Our Ratings team are on hand to help – please contact us here