Almost all commercial premises are subject to business rates, but many occupiers are unaware how these charges are calculated and the steps that can be taken to reduce their liability. For Landlords and property owners, a liability for vacant rates can be a significant liability if their property is without a tenant.
At Oldfield Smith & Co we can help to untangle the complexities of business rates, ensuring our clients pay no more than their fair share.
Our services include a FREE initial review of the current rating assessment to check that it is factually correct and a strategic assessment to see if a more efficient approach can be found – this is often possible by combining a number of separate entries into a single charge which will usually attract a lower overall liability. In some cases, dividing a single assessment into smaller components can help different occupiers make better use of relief schemes available for small businesses.
Where we feel that the rating assessment is excessive or that savings can be made by altering the basis of the charge, our experienced staff can arrange to submit a formal proposal and then negotiate with the Valuation Officer to secure an appropriate reduction and a rebate for overpaid rates.
We have experience with the new “Check, Challenge, Appeal” system and can guide our clients through each step of the process.
Our Professional staff are all Chartered Surveyors and Registered Valuers, regulated by RICS, with years of practical experience. Our Head of Professional Services, Bernard Smith, is a Fellow of the RICS and also a a member of the Institute of Revenues, Rating and Valuation (IRRV). Bernard has handled a number of very high profile and high value rating appeals at Tribunal as well as negotiating blanket reductions for the towns of Uckfield and Hailsham during the extensive improvement works carried out to the main shopping areas.
We do not charge for an initial assessment and where we are instructed to formally pursue a reduction or change in the rateable value, we have a simple, fixed price charging structure. Contact Bernard Smith now to discuss your rating assessment – there are no “up front” fees, so you have nothing to lose!