Rateable Value Q: A premises has 50% of their rateable value waived as a charitable organisation. How should the applicant calculate the rateable value of the premises for conversion purposes?
Any rate of relief granted to a charitable organisation (called discretionary relief) or to a commercial operator (called hardship relief) will not alter the rateable value of a premises in any way. In other words, the rateable value is determined for a particular premises and rates payable are calculated by reference to the rateable value. The rates may be reduced if relief is granted, but the rateable value stays the same. In the example given, the applicant must still base the fee on the rateable value without any adjustment being made.
