QA Ltd instructed Daniel Watney LLP to review their business rates assessment and seek a reduction in their annual rates liability for their IT training centre on Rosebery Avenue in Clerkenwell. QA had been paying approximately £380,000 per annum in business rates to Camden Council since 1st April 2010.
The Business Rates team carried out a thorough review of the rating assessment and compared this to market rental values achieved on Rosebery Avenue to determine whether an appeal should be served.
We carried out an inspection to ensure the Valuation Office Agency had measured QA’s demise correctly.
An appeal was lodged seeking a reduction to QA’s Rateable Value which appeared excessive following our due dilligence. .
The team negotiated a reduction on behalf of QA with the Valuation Office Agency
Following settlement of the appeal and reduction in assessment, the team liaised with the London Borough of Camden to secure a backdated refund.
The Business Rates team successfully challenged the excessive rating assessment and secured a reduction in Rateable Value from £755,000 to £580,000, saving QA over £700,000 in rates liability.
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