Working from home, renting out a holiday home or providing bed and breakfast - you may have to pay business rates on your property
Understanding summary valuations
Every five years the rateable values of all 1.75 million business properties in Wales and England are reassessed. The most recent revaluation came into effect on 1 April 2005. Many ratepayers received details of their proposed new rateable value in the form of a summary valuation.
Planning to start a business? Generally, whatever venture you undertake, your business will have a rateable value and you will be liable to pay business rates. You need to make sure that you have an understanding of what's involved - this section helps you get there.
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