Commercial Property

Occupational costs for Business are now a major concern and Business Rates are a significant element of this cost.

The Rateable Values shown in the 2010 Rating List for properties such as factories, offices, shops, showrooms and warehouses is calculated by using the Rental Method of valuation and is an estimate of the property’s rental value as as 1st April 2008. The valuation has regard to the size of the unit, its location, age and quality. The assessment should also be comparable with other similar properties in the locality.

MUA surveyors will survey the property and research all relevant factors to ensure that the rateable value is correct and kept to a minimum

From 1st April 2008 the exemption from rates on space was abolished and full rate liability is payable. This imposea a substantial cost on property ownership and advice should be sought on reducing the liability on vacant property. Please see our Empty Rates page for further advice on this aspect.

The 2017 Rating List is expected to adopt a similar methodology. The valuation date for this will be 1st April 2015.