mybusinessrates.gov.uk/wales the official government website
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.
Working from home
More and more people are working from home. If you’re one of them, you might have to pay business rates on the part of the property you use for work. You will continue to pay council tax as usual on the rest of your property. However, the amount you pay on that part of the property may reduce.
A number of factors will determine whether the space in your home used as an ‘office’ will be liable for business rates. These will include the extent and frequency of the business use of the room (or rooms) and any special modifications made to the property. Each case is considered individually, usually through a visit from your local Valuation Office – which you should contact for further details. If your property needs to be assessed for business rates, your Valuation Office will work out a rateable value for the part used for non-domestic purposes.