Urgent Business Rates Update

February 1, 2017

A recent decision by the Aberdeen City Valuation Appeal Committee has resulted in Rateable Value reductions of 16.5% being granted to a number of office occupiers in Aberdeen City Centre, West End and Dyce. The Committee held that the down-turn in the Oil & Gas sector has impacted rental values in the City and that the limited rental evidence available indicated a drop which, in their opinion, was sufficient to constitute a “Material Change of Circumstance”.

Whilst it is almost certain that the Grampian Assessor will appeal this decision to the Lands Valuation Appeal Court and there is a prospect that the outcome may be reversed as a result of this appeal, it would now be prudent for ALL OFFICE OCCUPIERS to lodge “Material Change” appeals prior to the 31st March 2017. Business Rates Revaluation proposals must be subject to a separate appeal.

For further information and advice, please contact:

Scott Strachan
Head of Business Rates and Taxation
Email: scott.strachan@fgburnett.co.uk

Moira Gordon
Associate
Email: moira.gordon@fgburnett.co.uk

FG Burnett FG Burnett @FGBurnett New to the market - Open Plan Suite with Car Parking To Let. For info please contact lisa.cowie@fgburnett.co.uk 012… https://t.co/UJ65iMNInJ 4 days ago
FG Burnett FG Burnett @FGBurnett New to the market - Open Plan Suite with Car Parking To Let. For info please contact lisa.cowie@fgburnett.co.uk 012… https://t.co/Cqy06Cn7yI 5 days ago
FG Burnett FG Burnett @FGBurnett New to the market – Fully Fitted Office Suite with Parking To Let. For info please contact graeme.nisbet@fgburnett.… https://t.co/BMVsMDjw1p 1 week ago
FG Burnett FG Burnett @FGBurnett TO LET - ground floor retail/office unit on a prominent corner location in the West End of Aberdeen. Suitable for v… https://t.co/omooxvU0hB 1 week ago
FG Burnett FG Burnett @FGBurnett The team at FG Burnett wish you all a Merry Christmas and a healthy and prosperous New Year. #christmaswisheshttps://t.co/HpthlwQmU5 4 weeks ago
FG Burnett FG Burnett @FGBurnett City Centre Retail Unit with Prominent Corner Location To Let. For info please contact daniel.mitchell@fgburnett.co… https://t.co/Xe0zEjpADG 4 weeks ago
FG Burnett FG Burnett @FGBurnett Ground Floor Retail Property To Let/May Sell. For further info please contact daniel.mitchell@fgburnett.co.uk 01224… https://t.co/R1okA6DLK6 5 weeks ago
FG Burnett FG Burnett @FGBurnett 3 Storey Office To Let. Available as a whole or separately. For further info please contact graeme.nisbet@fgburnett… https://t.co/Sy5uxXgyeh 6 weeks ago
FG Burnett FG Burnett @FGBurnett Our Building Surveyors braving the snow in East Kilbride. #commercialproperty #scotland #buildingconsultancyhttps://t.co/R8yFVvieYJ 6 weeks ago
FG Burnett FG Burnett @FGBurnett Grade A Office Building with Car Parking To Let. For further info please contact lisa.cowie@fgburnett.co.uk 01224 5… https://t.co/ipqKl16eYB 7 weeks ago
FG Burnett FG Burnett @FGBurnett Rare opportunity to purchase small lot size in Aberdeen City Centre. Reduced price £70,000. For further info please… https://t.co/4bsAik15c8 7 weeks ago
FG Burnett FG Burnett @FGBurnett Modern High Specification Office Pavilion with 20 Car Parking Spaces To Let/For Sale. Reduced price £575,000. For f… https://t.co/uvb3KVjNLo 7 weeks ago