Header graphic for print
Keeping It Real Estate News and Trends in UK Real Estate, Disputes and Planning Law

Tag Archives: business rates

Posted in Real Estate News

Business rates revaluation 2017: an explanation

On 1 April 2017 the business rates payable in respect of properties in England and Wales will be changing. Business rates are the tax that businesses pay on the retail, office and industrial premises that they occupy.  The total tax payable by an occupier is based on the rateable value for the premises combined with

Posted in Real Estate News

Business rates – VOA guidance published

In 2015, the Supreme Court held that an occupier of separate floors in an office block which were not contiguous (sharing a common border) or interconnected, and could only be accessed via common parts, were separate units or “hereditaments” for ratings purposes. Previously the Valuation Office Agency had suggested that the tenant at the top

Posted in Case Updates

Business rates: the Supreme Court decides on rating practice for separate floors in a building

Business rates are a tax on non-domestic property, with each property unit or “hereditament” being subject to a rateable value on which the tax is calculated. Where different parts of an office building are occupied by the same business, those parts have usually been treated as a single hereditament if they were contiguous (sharing a

Posted in Real Estate News

Local Data Company launches first Openings and Closures Summit

On 16 October 2013 the Local Data Company (LDC) launched its first ‘Openings and Closures Summit’ at an event hosted by Hogan Lovells.  The LDC presented its findings on property occupancy rates by multiple and independent retail and leisure businesses divided by type, geography and location. This was followed by a panel discussion chaired by

Posted in Case Updates

Rateable occupation must be beneficial to occupier

Makro Properties Ltd v Nuneaton and Bedworth BC [2012] EWHC 2250 (Admin) Makro was the tenant of a wholesale warehouse in Coventry. The Local Authority sought to recover empty rates from Makro for the years 2009 and 2010. It was accepted by Makro that the property was empty for part of that period. However, Makro