Decapitalisation Rates announced

Further to our article in April Scotland is the latest part of the UK to announce the decapitalisation rate for the 2017 Rating Revaluation will be 4.6% (2.9% for health and education).

This compares with England at 4.4% (2.6% for health and education).

The Welsh Assembly Government had earlier announced a decapitalisation rate for 2017 of 3.8%, with a lower rate for educational, healthcare and defence properties of 2.1%.

Northern Ireland is on a different Revaluation timetable, having only been revalued in 2015.

The decapitalisation rates apply to properties valued on a cost basis – typically heavy industrial properties, refineries and terminals.