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LONDON WARNING.

YOUR BUSINESS RATES
MAY RISE BY 100%

If your business is in Central London the rateable value of your property could double.

Why? Because even though rents have fallen 30–50% since the peak, the Valuation Office Agency* have calculated your new rateable value based on April 2008 rental levels.

These new rates come into effect from 2010 onwards.



Legal Information

This briefing note is a general summary of the rating revaluation position.
It should not be regarded as a substitute for advice on how to act in a particular case.

* The Government department responsible for setting rateable values in England and Wales

Rate Appeal


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