Property Rates

Property Rates

2017 Rating Revaluation Scotland

“Don’t take a chance use CDLH,  a specialist firm of Chartered Surveyors”.

CDLH are experts in the valuation of hotels, public houses, restaurants, golf courses and general leisure related properties.  As such, we are ideally placed to assist you firstly in ensuring that the rateable values issued by the Assessor have been correctly calculated and secondly to lead an appeal on your behalf should we feel that the rateable values have been incorrectly calculated.  All work on the assessment of rateable values will be carried out by an RICS qualified chartered surveyor, with a specialist knowledge in the leisure and hospitality sector.  This is particularly important in the leisure sector as arriving at the valuation calculation has regard to your accounts, but must be considered against a Reasonable Efficient Operator.  CDLH have a huge database of benchmark information trading information across Scotland.  This means we can identify “personal goodwill” which should be removed from the rating assessment calculation and may not be the approach taken by a non specialist in the sector. 

Please click here for a no obligation fee quote

Notable dates for your diary:

Return of information forms

 

Return of information forms will have been issued to you by the assessor during 2015 and these should have been completed and returned by you.

January 2017

 

Draft rateable values should be published in January 2017.  At this point, CDLH can review the draft rateable values set against your return of information form and any other information that we may request from you, to fully understand the assessors calculations.

1st April 2017

 

The new rating list will be published with your new rateable value.  At this point there will be a check, challenge, and appeal process.  If you have instructed CDLH prior to this point, we will have had the opportunity to review your rateable value and can quickly advise the likely hood of success, in relation to challenging a rateable value and proceeding with the appeals process. 

30th September 2017

 

This is the last date for lodging formal appeals in Scotland under the six month rule.  Appeals can be lodged after that date where there is a change of occupier.  It is critical that existing occupiers do not leave it till the last minute to review their rateable values, as there is very little opportunity of providing meaningful advice at the late stage of any process, and no opportunity after the date has passed. 

Rates and Your Business

 

At CDLH we fully understand the operation of leisure and hospitality businesses and the impact of rates.  The highest overhead for any business in the sector is wages.  The second highest overhead (other than rent for leasehold properties) can often be energy costs or rates.  It is critical, particularly in this time of increasing wage costs, to ensure that operational overheads are kept to a minimum and, surprisingly, rates are often left unchallenged until it is too late, resulting in a very high fixed operational cost.  This can have a massive negative impact on long term profitability. 

Fees and costs

 

CDLH are well aware that the need to control professional fees is an important factor for any business.  As a result we have created the fee scale for both individual and multiple operators, which is based on a fixed fee up to the point of providing advice on whether a rateable value should be challenged, with a results driven fee thereafter, depending upon the outcome of the appeal process.  This allows occupiers a clearly defined advice driven fee basis from the very commencement of the instruction.

 

Please click here for a no obligation fee quote