The decapitalisation rates for the 2017 business rates revaluation

The next revaluation for business rates takes effect from 1 April 2017. Rateable values will be updated by the Valuation Office Agency using market rental values at 1 April 2015. But for some properties where rents do not exist they will use the “contractor’s basis” of valuation.

This technical discussion paper seeks views on setting the decapitalisation rates to be adopted when properties are valued using the contractor’s basis of valuation for the 2017 revaluation in England.