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 liability in 2023/2024.