If the rateable value of your property changes significantly as a result of revaluation, your rates will change gradually. This is called 'transitional relief'.
If you get transitional relief, your local council will include this automatically on your bill when working out what business rates you should pay.
A small property is a property with a rateable value below £18,000. All other properties are considered to be large properties.
There are limits on how much your rates can increase or decrease as a result of Transitional Relief:
| Year | Small property | Large property |
|---|---|---|
| 2010 to 2011 | 5% | 12.5% |
| 2011 to 2012 | 7.5% | 17.5% |
| 2012 to 2013 | 10% | 20% |
| 2013 to 2014 | 15% | 25% |
| 2014 to 2015 | 15% | 25% |
| Year | Small property | Large property |
|---|---|---|
| 2010 to 2011 | 20% | 4.6% |
| 2011 to 2012 | 30% | 6.7% |
| 2012 to 2013 | 35% | 7% |
| 2013 to 2014 | 55% | 13% |
| 2014 to 2015 | 55% | 13% |
