Peter Foley is our resident guru here at CPA, and has been passionately following the shifting world of business rates for many years. With a keen political insight, Peter’s writing reveals how policy change is key to understanding your business rates further, and how this could translate into substantial savings. In his weekly column, Peter also outlines a desired path forward, with changes we’d like to see implemented for a fairer system on the nation's business rates.
We all suspect that the recent 30% hike in business rates for industrial units was based on flimsy criteria. The supposed link between rateable values and market rents seemed fanciful, especially during the pandemic's toll on businesses in 2021.
To regain a sense of reality, why not turn to Commercial Property Advisors (CPA) for a proper appraisal of your rateable value? Our approach involves forensic data analysis, utilising sophisticated comparators with local businesses and conducting professionally-regulated RICS surveys.
Rest assured, CPA's terms are transparently based on successful outcomes, alleviating any client worries. Our experienced team of Personal Advisors handles formal documentation.
For further advice, don't hesitate to contact CPA.