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Revaluation postponement will hit retailers, say agents

19th October 2012

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Guzelian Photography – www.guzelian.co.uk

PROPERTY agents have lambasted the government's decision to postpone the next business rates revaluation until 2017, saying it will add more pain to struggling retailers and widen the North-South divide.A revaluation was due in 2015, linking rates to rents in 2013, but the postponement means companies will have to pay business rates based on rents in 2008 – at the height of the market – until 2017.The Department for Communities and Local Government said the measure will ensure firms don’t face unexpected hikes in ......for the full story register now for free or login below...


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