Glossary

Business Rates Plant and Machinery

Clifford McDowell

In addittion to the size of a poperty and it’s location and use, the Valuation Office Agency may also consider other items when calculating a rateable value.

Examples (and how they are relevant to the valuation) may include:

Shops

  • Air conditioning / air handling (floor area served by system (sq m))
  • CCTV security system (only if 4 or more cameras)
  • Fire protection / detection / alarm / suppression (area covered by sprinkler system (sq m))
  • Lifts (floors served and capacity, whether goods or passenger)
  • Renewable energy items (presence of solar panels / wind turbine, and their generating capacity in kilo Watts (kW))
  • Cold stores (whether built in or free standing as well as gross floor area)
  • Uninterruptible power supply / standby generator (size of generator in kilo Volt Amps (kVA))

Offices

  • Air conditioning / air handling (floor area served by system (sq m))
  • CCTV security system (only if 4 or more cameras)
  • Fire protection / detection / alarm / suppression (area covered by sprinkler system (sq m))
  • Lifts (floors served and capacity, whether goods or personnel)
  • Renewable energy items (presence of solar panels / wind turbine, and their generating capacity in kilo Watts (kW))
  • Uninterruptible power supply / standby generator (size of generator in Kilo Volt Amps (kVA))

Industrial

  • Air conditioning / air handling (floor area served by system (sq m))
  • CCTV security system (only if 4 or more cameras)
  • Fire protection / detection / alarm / suppression (area covered by sprinkler system (sq m))
  • Lifts (floors served and capacity, whether goods or personnel)
  • Air compressors (whether screw or piston). Free air flow capacity in cubic metres per hour, or cubic feet per minute. (CMH / CFM)
  • Renewable energy items (presence of solar panels / wind turbine, and their generating capacity in kilo Watts (kW))
  • Cold stores (whether built in or free standing and gross floor area)
  • Uninterruptible power supply / standby generator (size of generator in Kilo Volt Amps (kVA))

To find out more about business rates read our article on ‘How Business Rates are Calculated

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