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.
You may have to pay business rates if you use all or part of your property as something other than living accommodation. This can include:
© 2004 mybusinessrates.gov.uk