Decapitalisation rates for the 2021 business rates revaluation

The government has committed to introduce more frequent business rates revaluations and will bring forward the date of the next revaluation from 2022 to 2021. Thereafter the government will move to 3 yearly revaluations ensuring rating assessments are more up to date.

This technical consultation concerns whether the government should prescribe decapitalisation rates for 2021 and, if so, how the rates should be prescribed.