By Scott Wright
SCOTTISH ministers have been urged to stick to the planned revaluation of non-domestic properties
in 2022.
The next revaluation in England will no longer take place in 2021 in order to reduce uncertainty for firms in light of the coronavirus crisis. Property firm CBRE said it is aware the Scottish Government and the Scottish Assessors Association is considering deferring the 2022 revaluation, which would mean a change to the valuation tone date from April 1 this year. But it urged them to maintain the current schedule.
CBRE’s Mike Rose said: “Far from bringing any benefit to businesses when they are under existential threat... deferment of the next scheduled revaluation would prolong the period before rateable values could be corrected and truly aligned with
current or indeed recent rental levels.”
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