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Valuation

Volume 502: debated on Monday 14 December 2009

To ask the Chancellor of the Exchequer with reference to the answer of 11 November 2009, Official Report, column 521W, on business improvement districts, whether the Valuation Office Agency has increased the rateable values of properties in the recent 2010 revaluation consequent on improved activity undertaken by business improvement district. (306557)

The aim of a rating valuation is to arrive at the rental value of the premises at the standard valuation date. Activity undertaken by business improvement districts will result in changes to the rating valuation of a property only if and when it materially affects the rental value of that property.