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Transitional Relief

Revaluation - Transitional Relief 

A General Revaluation Transitional Relief is available for all property types, capping gross bill increases at a specified percentage increase, dependent on the rateable value on 1 April 2023.

In order to be eligible for this relief, the property had to be shown in an entry on the valuation roll on both 31 March 2023 and 1 April 2023. Properties with a nil rateable value on 1 April 2023, or which had a nil rateable value on 31 March 2023 are not eligible. Eligibility for the relief also ceases if there is a merger, split or re-organisation of the valuation roll entry for the property occurring after 1 April 2023. The caps in (cash terms) are as below.

in 2023/2024 

  • Up to £20,000 - 12.5% (small)
  • £20,001 to £100,000 - 25% (medium)
  • Over £100,000 - 37.5% (large)

in 2024/2025 

  • Up to £20,000 - 25% (small)
  • £20,001 to £100,000 - 50% (medium)
  • Over £100,000 - 75% (large)

in 2025/2026

  • Up to £20,000 - 37.5% (small)
  • £20,001 to £100,000 - 75% (medium)
  • Over £100,000 - 112.5% (large)

Small Business - Transitional Relief 

The Small Business Transactional Relief caps bill increases if the 2023 revaluation meant that you:

  • are no longer eligible for the Small Business Bonus Scheme.
  • saw a reduction in your eligibility for the Small Business Bonus Scheme.
  • are no longer eligible for Rural Rate Relief.

The maximum increase in your rates bill compared to what you had to pay on 31 March 2023 is capped at £600 in 2023/24, raising to £1,200 in 2024/25 and £1,800 in 2025/26.

The cap applies after any other reliefs.

Small Business - TR Application

Parks - Transitional Relief 

The Parks Transitional Relief reduces bills for properties in parks liable for rates for the first time on 1 April 2023. An award of Parks Transitional Relief may be applicable if the following conditions are met.

  • is a park or part of a park
  • were inserted in the Valuation Roll for the first time on 1 April 2023.

This relief caps bills at 66% of the gross liability in 2024/2025 and at 33% of the gross liabilty in 2023/2024.

 

Parks - TR Application