Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a shop and premises in London. 12&14, QUEENS STREET, SOUTHWOLD, SUFFOLK, IP18 6EQ. Rates and Rental Surveyors Ltd agreed a reduction from £12,250– £7,200 with the Valuation Office. The reduction now means the following saving will apply excluding any transitional relief (*) or Small Business Rates Relief (*) given by the local authority.
Year/Rate | Before reduction | After reduction | Saving |
2010 – 11 / 41.4% | £5,072 | £2,981 | £2,091 |
2011-12 / 43.3% | £5,304 | £3,118 | £2,187 |
2012-13 / 45.8% | £5,611 | £3,298 | £2,313 |
2013-14 / 47.1% | £5,770 | £3,391 | £2,379 |
2014-15 / 48.2% | £5,905 | £3,470 | £2,434 |
2015-16 / 49.3% | £6,039 | £3,550 | £2,490 |
2016-17 / (average 50.4%) | £6,174 | £3,629 | £2,545 |
TOTAL | £39,874 | £23,436 | £16,438 |