Research

2023 Rating Revaluation

New report assesses the impact of the Revaluation on industrial and logistics across the UK. We also look at the multipliers, legislative changes and provide a technical overview of the system.

February 09, 2023
Contributors:
  • Stanley Booton
  • Tim Beattie
  • Peter Fullam

Business rates are a tax based on the rental value of a property. Over time, the property market evolves and rental values change, so periodically these rates need to be reviewed and modified by the Government to keep the tax fair between ratepayers. These reviews are called “revaluations” and usually happen every five years.

However, with the next revaluation set for 1 April 2023 after an extended period, and significant changes to the market driven by Brexit and the pandemic, the 2023 rating revaluation will be one of the most redistributive of the modern era.

Our new report assesses the impact of the Revaluation on the three main property sectors namely offices, industrial and logistics and retail across the UK. We also look at the multipliers, transitional relief, legislative changes and provide a technical overview of the system.

Fill out this form to download report

There was an error submitting the form. Please try again. 


PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of sending you the research you have requested.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.