ABOUT GOWLANDS
WE PROVIDE ACCURATE HONEST ADVICE
THINKING OF SELLING OR LETTING?
REQUEST A FREE VALUATION
Contact our friendly Customer Support Team today.
If you are thinking of moving, one of the first things you need to know is the current value of your home.
ABOUT GOWLANDS
WE PROVIDE ACCURATE HONEST ADVICE
THINKING OF SELLING OR LETTING?
REQUEST A FREE VALUATION
Contact our friendly Customer Support Team today.
If you are thinking of moving, one of the first things you need to know is the current value of your home.
REVAL 2023 AND REVAL 2026
REVIEW, APPLICATION AND APPEAL, WE'VE GOT YOU COVERED
What is Reval 2023 and 2026?
Land & Property Services (LPS) conducted a General Revaluation of all commercial properties in Northern Ireland (Reval 2023). As a result of the General Revaluation, approximately 75,000 business properties were revalued and given a new Net Annual Value [NAV].
The NAV represents the estimated rental value the property could achieve in the rental market on 1 October 2021.
Looking ahead, the Department of Finance has announced another General Revaluation of all commercial properties in 2026, with the NAV based on the rental market as of 1 April 2024.
How can we help?
Comprehensive Business Rates Consultancy Service
At Gowlands, we provide a comprehensive end-to-end business rates consultancy service. We have an in-depth understanding of the role of the local district valuers office and strong working relationships with key stakeholders. As a firm of Chartered Surveyors Regulated by the Royal Institution of Chartered Surveyors (RICS), we are committed to delivering professional and reliable services.
Our Three-Stage Process:
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Review and Analysis: We review your current 2023 NAV, including rates payable. Our team will conduct thorough background checks, inspect your premises, provide an expert opinion on the NAV, and report our findings. When the time comes, we will perform this comprehensive review for Reval 2026.
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Challenging and Monitoring: With your instruction, we will challenge the rates or monitor the situation until you advise otherwise. Our proactive approach ensures that your interests are always represented.
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Representation and Appeals: Depending on the outcome of the initial challenge, we will take further instructions from you to make additional representations, appeals and challenges as necessary.
What is an Application?
Ratepayers have access to a review mechanism, and the first stage is submitting an Application to the District Valuer for Revision of the Valuation List.
This provides an opportunity to engage with a representative of the district valuer, present your case, and support a case for a change to the NAV, potentially reducing the rates you pay.
Please be aware that business rates can go up as well as down, and we are best placed to mitigate this risk for you.
What is an Appeal?
If you are dissatisfied with the outcome of an Application to the district valuer, you can access a further redress mechanism known as an Appeal to the Commissioner of Valuation.
This provides an opportunity to engage with the Commissioner and present your case for changing the Net Annual Value assigned to the property by the district valuer.
Please be aware that business rates can go up as well as down, and we are best placed to mitigate this risk for you.
What is an Appeal to the Lands Tribunal?
If you are dissatisfied with the outcome of an Appeal to the Commissioner of Valuation, you can appeal the decision to the independent Lands Tribunal for Northern Ireland.
Our experts have extensive experience preparing submissions and providing Expert Witness evidence to the Lands Tribunal.
Please be aware that business rates can go up as well as down, and we are best placed to mitigate this risk for you.
Review and Challenge Reval 2023 and Prepare for Reval 2026
You have an excellent opportunity to review and challenge Reval 2023 while also preparing for Reval 2026. As an independent consultancy, we provide the support you need, ensuring you pay the fairest and lowest rates possible.
We would be delighted to discuss this further with you, either over the phone or in person. We offer a FREE no-obligation consultation. Contact us today to explore how we can help you save on your business rates!