Rating
Appeals
If
you have not already done so, you should consider engaging
a rating surveyor to act on your behalf and if appropriate
they will submit a proposal to alter the rating list -
i.e. appeal against your rateable value.
You could do this yourself, it costs nothing. However
it is advisable to have a rating surveyor
act on your behalf to deal with the appeal. They are experts
in the field and will have the skills, information, and
experience that you may not have. It is likely therefore,
that they will achieve a better result than you would
on your own.
Make
sure your rating advisor is a member of the RICS
(Royal Institution of Chartered Surveyors) or the IRRV
(The Institute of Revenues Rating and Valuation).
Most
rating surveyors will base their fee on the reduction
they achieve in the rateable value or the reduction in
liability they secure up to a certain date. This may be
the savings in one year or perhaps the savings over the
life of the rating list. They may refer to actual savings
or notional savings, you should make sure you understand
the difference.
Most
rating surveyors will not charge any
'up front' fees and will only submit their bill when the
job is completed.
A
word of warning. There are some less
than reputable operators who will claim that
they will only charge you if the appeal is accepted. This
is a trick.
ALL
appeals are accepted. It is very easy to submit an appeal,
it is FREE, and they are always accepted.
You could do this yourself online
and it would only take about a minute.
When
you engage a rating surveyor, you are not paying them
to submit an appeal, you are paying for
their experience and expertise in dealing
with the appeal.
Revaluation
2010
Rating
Reval 2010 is on its way. On the 1st April 2010 the revaluation
will take effect. The new Rating List will be in force
and each commercial propery in England and Wales will
have a revised rateable value.
A
Revaluation is also planned for Scotland and the Assessors
Office will be preparing a new Valuation Roll.
The
steps required for revaluation have already started. More
to follow...
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