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Improvement Relief for Non-Domestic Ratepayers

Businesses making improvements or alterations to their property can now qualify for 100% relief from increased Business Rates for 12 months following the completion of the works. Government passed the new legislation in December 2023 which aims to remove barriers to businesses enhancing their property due to concerns on increased Business Rates charges. The scheme […]

Business Rates on Vacant Property – A Less Favourable Playing Field for Property Owners

In the space of four months, the industry has seen three key changes announced which will increase empty rates costs for property owners.  Where does this leave Owners with vacant property? In our November blog post  https://fore-view.co.uk/news/business-rates-on-vacant-industrial-where-are-we-now/ the Investor & Developer team at ForeView predicted there would be changes to the Rating System which would […]

A look at Business Rates across the Home Nations

With the 6 nations rugby having kicked off with a bang, the ForeView team have a little fun by examining how the home nations compare on the rating field. England, Scotland, Wales and Northern Ireland have all seen a Rates Revaluation take place from 1st April 2023. In England and Wales this is based on […]

ForeView announce appointments of Cameron Wallis & Matt Jafrate

ForeView Ltd are pleased to announce the appointments of Cameron Wallis and Matt Jafrate as Business Development Executives within their fast-growing specialist Business Rates consultancy. Philip Legg, Co-Founder at ForeView says: “Matt and Cameron are excellent additions to our team as we look to expand and take greater market share. With our leading data analytics capabilities, […]

Completion Notices – New Regulations on Refurbished Buildings

The Non-Domestic Rating Bill 2023 brings one critical change to how and where a Local Authority can serve a Completion Notice. A Completion Notice is served by a Local Authority to bring a new or refurbished property into the rating list where it is not capable of immediate rateable occupation. They would typically be served […]

Autumn Statement 2023 – Business Rates Bulletin

The ForeView team summarise the key business rates takeaways from today’s Autumn Statement.     The 75% relief on qualifying retail hospitality and leisure premises has been extended for another 12 months to cover the 2024/25 rates year.  The cap of £110,000 per business is still applicable. The small business rates multiplier (applies on Rateable […]

Business Rates on vacant industrial – Where are we now?

This isn’t a commentary on the past performance of the industrial sector. Nor is it a forecast of what the future holds; there are many Investors Developers and Agents far better qualified to comment on market conditions. What we can talk to is where business rates fits in and how the odds might become less […]

Industrial Occupiers – The Impact of the 2023 Revaluation

The 2023 Revaluation for Commercial Property came into effect on 1 April 2023. The Revaluation is based on the rental value of properties on 1 April 2021. Any revaluation presents The Valuation Office with challenges in accurately valuing the different property sectors, but April 2021 could arguably be the most testing revaluation date for decades. […]

Fundamental Changes to Business Rates: Non-Domestic Rating Bill 2023

At the time of writing the Non Domestic Rating Bill 2023 is progressing through parliament. We examine the headlines from this Bill which is set to result in one of the largest fundamental changes to the property tax that is Business Rates. It is evident to date that few ratepayers are aware of these proposed […]