Transitional relief | Altus Property Services

Transitional relief

Transitional relief places a limit on how much your business rates bill can change each year as a result of revaluation. Changes to your rates bill will be phased in gradually – either up or down – rather than all at once at revaluation.

To qualify for transitional relief, the property must be in England and the rates bill must have changed by more than a certain amount. Your council will adjust your bill automatically over the course of the Rating List if you’re eligible.

How much your bill can change by from one year to the next depends upon the property’s Rateable Value and whether the bill is increasing or decreasing as a result of revaluation. Transitional relief will stop when your bill reaches the full amount set by a revaluation.

The business rates year is from 1 April to 31 March the following year.

If your bill is increasing

Rateable value 2017 to 2018 2018 to 2019 2019 to 2020 2020 to 2021 2021 to 2022
Up to £20,000 (£28,000 in London) 5.0% 7.5% 10.0% 15.0% 15.0%
20,001 (28,001 in London) to £99,999 12.5% 17.5% 20.0% 25.0% 25.0%
Over £100,000 42.0% 32.0% 49.0% 16.0% 6.0%

 

If your bill is decreasing

Rateable value 2017 to 2018 2018 to 2019 2019 to 2020 2020 to 2021 2021 to 2022
Up to £20,000 (£28,000 in London) 20.0% 30.0% 35.0% 55.0% 55.0%
20,001 (28,001 in London) to £99,999 10.0% 15.0% 20.0% 25.0% 25.0%
Over £100,000 4.1% 4.6% 5.9% 5.8% 4.8%

 

Source: Gov.uk
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