The legislation has been amended to take into account the way certain properties are valued by the VOA for business rates.
When two properties (i.e. two separate floors in an office building) are occupied by the same person or company and all parts are contiguous (i.e. touching in some way) they will be valued as one property rather than two separate properties.
An example is shown below:
Company B and C share the occupancy of a sixth floor building. Company B occupies ground, first and second floors and Company C occupies the remainder of the floors. All floors are accessed by a communal area i.e. lift, stairs, hallways.
Before this change:
After the change:
This change takes effect for the financial year beginning on or after 1 April 2010. A ratepayer can ask for a reconsideration where a property has been previously split into more than one assessment.