When the Valuation Office Agency rates commercial premises it needs to know how many single and multiple hereditaments there are.
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.
Gross Internal Area (GIA) measures the overall size of a location to help determinie it's rateable value.
The net internal area (NIA) is the total usable area of each floor within a building, measured to the inside face of the boundary walls (ignoring skirting boards).
There are normally three key measuring methods used to establish a properties business rates. These are Zoning, Net Internal Area and Gross Internal Area.
The Valuation Office Agency is responsible for establishing business rate values. Find out how business rates calculated.
Government Guidelines allow some properties to be exempt from business rates based on their use or status. These fit under two groups, Exempted and Empty.
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