Properties could be losing out to the tune of £300m after being hit by floods
Commercial properties affected by the recent floods could be losing out on up to £300m in rate relief, according to building, property and facilities management specialists, Johnson FM.
Johnson FM’s managing director, Kevin Elliott, says the 15,000 or so commercial flood victims could claim back their rates via local authorities, citing ‘hardship’ – which, while not specifically defined in law, includes properties affected by floods where stock was not removed.
The company operates on a ‘no win, no fee’ basis and has already secured rebates for 50 flood-damaged properties.
Elliot said: “Whilst businesses work with Inland Revenue Valuation Officers negotiating their rating assessments, many won’t know that local councils can award discretionary relief if affected by floods. If their cases are correctly presented to council members, it can pay dividends - in Sheffield alone we clawed back around £400,000 for shops that couldn’t trade.”
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