Transitional Relief
Transitional relief
A transitional relief scheme will be introduced in April 2023 to lessen the impact on any rates increases and will run for three years:
| Rateable Value |
2023/24 |
2024/25 |
2025/26 |
|---|---|---|---|
|
Small RV up to £20,000 |
5% |
10% |
25% |
|
Medium RV £20,001 to £100,000 |
15% |
25% |
40% |
|
Large RV over £100,000 |
30% |
40% |
55% |
These caps will be applied before other reliefs, for example, supplements, and, in, years two and three, inflation.
Properties that have had the rateable value reduction will benefit from the reduction straight away, rather than having the reduction phased in gradually.
For further information on the scheme please click this link