Combining or Splitting
Valuations can be combined or split in certain scenarios, unlocking reliefs and reducing your costs. Holloway Bond are experts in this field, the team have been successful in hundreds of cases involving combining and splitting valuations, saving businesses millions.
There are a few key considerations that we'll discuss with you before we get started:
Are you receiving more than one bill for your property?
Following Woolway v Mazars (2015), many properties were split down into segments smaller than maybe their usage would suggest due to the extensive tests introduced for a property to be treated as a single valuation.
New legislation introduced in 2018 served to reverse this decision; however, many valuations still feel the negative impact of this legacy court case.
What benefits are there to combing your bills?
A major reason to look at combing your bills is doing so can unlock new reliefs that previously were inaccessible to you. Combing your bills can also reduce your administrative burden by consolidating multiple bills into one.
There are number of further benefits, if you would like find out more how combining your bills could help you, please give us a call.
Do you only occupy a portion of your property?
Quite often, ratepayers can be receiving a bill for an entire floor or an entire building despite only occupying a portion of this space.
There are numerous benefits to splitting up the valuation when this is the situation. If you think this is the circumstances you are in, get in touch.
Get in Touch
Want to find out how much we could save your business? Phone us on 0208 0950 990. Our team of business rates experts are waiting to take your call.