FSS’s commercial property team has saved a Leeds City Centre business more than £4,700 after carrying out a business rates check.
In April 2017, new business ‘rateable values’ published by the government came into effect and the responsibility for checking these lies with the ratepayer.
Every 5 years the underlying value of properties is assessed and revaluation for UK businesses based on shifts in the property market can have a huge impact.
At FSS, we know the Yorkshire property market inside out so are in a good position to ensure the revaluations which are used to determine the rateable value are accurate.
Associate Partner, Dan Brumfitt, carried out this particular review and secured a refund of £4,702.50 for the city centre retail business on Briggate.
He said: “The revaluation of business rates based on property values has undoubtedly had a big impact on local businesses.
“If businesses haven’t checked their revaluation it can be difficult to challenge their rateable value and we are here to help make sure this is fair and reflects the market.
“Business rates are a big outgoing for small businesses so it’s very important to check they are not overpaying.
As commercial property specialists with decades of experience in the Yorkshire market, we are well placed to advise and offer support to local businesses to ensure rates truly reflect the market position,” said Dan.