Pictured: Philip Meade
Farmers and commercial business owners in Shropshire are being
warned to check their rates notices carefully as some inflated
bills are being received in the county.
The warning comes from Philip Meade at Davis Meade Property
Consultants who has been acting on behalf of several clients facing
hefty rates increases.
"The problems seem to be arising when a business changes
circumstances or moves into new premises," he explained.
"We had an instance recently of a small private business moving
into premises in Oswestry facing a Rates bill for £4,500. On
close inspection we discovered that our client was being charged
for the whole three storey building not just the one floor being
occupied.
"We appealed and the bill was more than halved, to a more
acceptable £2,000," he said.
The key is to double check you are on the level of rates
appropriate for the type of business.
"One client who runs a diversified enterprise on a farm was
facing a £40,000 rates bill. But on challenging this we were
able to point out that half the building he was being charged rates
on was still being used for agriculture and therefore exempt,
reducing his bill to less than a quarter of the initial assessment"
he said.
For farmers who have never paid business rates before it can be
quite a shock when suddenly a business rates bill drops on
the doorstep of their new, ancillary enterprise.
"Farms with a farm shop for example will have a non agricultural
element and you should ensure that the rates charged is just for
the ancillary business, not over the whole farmstead," Philip
advised.
Careful analysis of the business is necessary and it might be
possible to bring the rates down to small business level so small
business rate relief can be claimed. Businesses with a rateable
value under £6000 are entitled to 100 per cent rate relief in
Wales and a significant reduction in England.
"Rates were reassessed in 2010 and if you are on the 2010 list
there is still time to appeal, " he said.
"We compare the rate assessments with comparables on the
District Valuer's website after measuring up the premises and
breaking the business down to ensure the right rates are
being paid per square metre," he explained.
If you think your rates are excessive, Davis Meade Property
Consultants may be able to help on a no win, no fee basis.
"We are prepared to do an initial assessment and if we feel the
case is worth pursuing we can proceed on a no win, no fee basis,"
Philip said.
"Send in your details to us and we can see if there is any merit
in appealing."
Philip Meade can be contacted at the Oswestry office of Davis
Meade Property Consultants on 01691 659658 or email
philipmeade@dmpropertyconsultants.com.