Much has been written about the recent budget but perhaps one area that didn’t obtain much coverage was the potential change to the Multiplier for the commercial properties having a Rateable Value (RV) over £500,000. As one would expect, this captures a large amount of logistics and warehouse property in London and the South East. The multiplier for those properties above the RV£500,000 threshold will have a higher multiplier and a potentially larger business rate bill.
The article below explores the potential changes that landlords and tenants should be aware of, and make the necessary arrangements.
Logistics Matters – Midbox warehouses to pay higher business rates multiplier
5 November 2024