There is much at stake this month for real estate decision makers. Rachel Reeves will stand at the dispatch box and deliver her much anticipated Budget on 26th November, and the Valuation Office Agency (VOA) has confirmed it will release its ‘draft rating list’ before December. These two events will trigger significant change to the taxation of commercial property across the UK, notably in London.

The draft list will provide ratepayers with indicative rateable values (RVs) that will go live in April 2026 as part of a revaluation of business rates . RVs form the basis of the business rates tax, with the new RVs set to reflect commercial rents as at April 2024.

The revaluation is designed to be fiscally neutral and rebalance the tax, with those sectors and geographies that have prosp

See Full Page