Transitional Relief
Transitional relief 2023-2024 to 2025-2026 will phase in the effect of significant changes in liability, which arise from the revaluation of non-domestic properties.
There are limits on the percentage by which bills may increase each year. Special rules deal with changes in rateable values and the merger or splitting of existing properties. Any new properties entered into the rating list after 1 April 2023 will not be subject to transitional relief for this valuation period.
The limits on increases for the 3 year valuation period 1 April 2023 to 31 March 2026 are detailed below. These increases are in addition to any adjustment for inflation (except for year 1, 2023/2024).
| Property size | 2023/24 | 2024/25* | 2025/26* |
|---|---|---|---|
| Small | 5% | 10% | 25% |
| Medium | 15% | 25% | 40% |
| Large | 30% | 40% | 55% |
* Year 2 and 3 caps are before inflation. Note: these are year on year caps on increases.
Property size is determined by rateable value. Small is up to £28,000, medium is above £28,000 and large is above £100,000.
If you are entitled to transitional relief this will automatically be awarded and be shown on your bill.