Find out more about transitional arrangements for properties that change in value.
Property values can change a good deal between each revaluation. Transitional arrangements help to phase in the effects of these changes by limiting increases in bills. To help pay for the limits on increases in bills, there also have to be limits on reductions in bills. Under the transition scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the appropriate rating multiplier).
A new transitional relief scheme has now been introduced by the government which will run for the full life of the 2010 valuation list.
Changes in property after 1 April 2010
The scheme applies only to the bill based on a property at the time of the revaluation. If there are any changes to a single property after 1st April 2010 which result in an increased ratable value, transitional arrangements will not normally apply to the increased part of the bill.
Special rules apply for changes to rateable values following the merging, splitting or reorganisation of existing properties whereby the sum of the amount of existing transitional relief is apportioned between the reconstituted parts.
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