A tax on the occupation, or the right to occupy non-domestic property in the UK. Savills rating team can manage and mitigate this cost for clients, and has been doing so for many years, specialising in the various sectors.
We do this for landlords and tenants alike, reviewing and challenging rateable values; auditing and managing rates payments; and offering advice on vacant or underutilised space, or space undergoing works.
Our business rates service is suitable for anyone with an interest in non-domestic property, whether they be a trading business, a charity, an investor or a developer. The sectors we cover include caravan and holiday parks, marinas, golf courses leisure and trade-related, industrial, logistics, office, as well as specialist properties which may not be conventionally valued.
As well as interacting with most commercial teams in Savills, we work particularly closely with Savills agency and property management services, which provides our rating experts with more transactional and comparable data than many of our competitors, and with the “Check, Challenge, Appeal” system in England, access to this wider source of market evidence is vital to achieving successful appeals.
This seamless service allows us to provide a variety of different service levels which can be tailored to each client's requirements, with the common objective of reducing both the level of rates liability and the administrative burden.
With the 2017 Rating Revaluation into its fifth year, where ‘Checks’ and ‘Challenges’ have been lodged with the Valuation Office (VOA), progress has been made, however this could be affected by the 2023 Rating Revaluation where they are having to obtain information gathered from the properties, to enable them to arrive at the new Rateable Values.
This could result in some 2017 RV’s being increased / reduced due to a change in circumstances from the original facts included within the your current Rateable Value.
Discussions with the VOA have now commenced in attempting to agree the Practice Note for 2023 for holiday and touring parks which will have to take into consideration the 2018 - 2020 trading seasons, our clients will be informed of the changes in due course.