Property strategy 2017: key issues - including rates changes
Bruton Knowles is a national property consultancy that works with many charity clients. Their expertise ranges from making the most of land and property assets, to managing property, to analysing relevant legislation, including the provisions of the Charities Act and dealing with the Charity Commission.
This rates relief is hugely valuable to the charity sector, and there is increasing concern that councils may be tempted to try and limit the rates discounts they give to voluntary organisations.
The Charity Finance Group has published an in-depth briefing on Charities and business rates relief.
Rates relief gets especially complicated when charities undertake trading activities, for example running charity shopes or renting out premises. The organisation Help the Hospices has produced a useful briefing about charity shops and rates relief (pdf).
Every few years the government reviews property values and adjusts rateable values accordingly. The next revaluation is in April 2017.