Last year, all commercial properties in Great Britain were re-valued for the 2017 Rating List and the new Rateable Values were set live. During this time, properties in England had to undergo a radical change to the business rates system as a new process was put into place called Check, Challenge, Appeal (the CCA System). Find out more here.
In April, over 56,000 small businesses were faced with a steep rise in business rates. Discover the concerns for local businesses and the potential effects it could have here.
In recent months, there was heavy discussion around a so-called ‘staircase tax’ and its impact on small businesses. The announcement by Philip Hammond, then, that this controversial tax was to be mitigated through legislation has been met with approval from business across the UK. Particularly as its removal is seen as incredibly beneficial to the growth of small businesses. Read more here.
Whatever the reason, subletting can often be the ideal solution when tenants need a commercial space. A wise business move but one that needs to be handled with care, read our guide to subletting as a tenant here.
A party wall dispute can put a halt to any plans of expansion or improvement, of property. To discover how to correctly deal with any party wall dispute, whether residential, industrial or commercial, read here for more information.