Posts: 5,442
Threads: 1,278
Joined: Nov 2018
Reputation:
15,699
Ducks, I think it's time to ask whoever gave you the 'quote', how they came up with the figure! Perhaps they've got it wrong!
Living my dream
Posts: 153
Threads: 13
Joined: Nov 2018
Reputation:
311
Ducks,
Revaluation Date within the last 10 years, use 1.1%.
Revaluation Date prior to 10 years ago, use 2%.
As you say, more recent Revaluations are higher therefore one can use the lower percentage.
What isn’t fair is to revalue ad hoc properties in an area but not to change the official council Revaluation Date to allow people to use the lower percentage. This happens.
The instructions for filing out the non resident tax form don’t mention a council’s Revaluation Date, only whether the individual’s property has been revalued. So if one’s property has been revalued within 10 years and one can prove it via historic IBI statements then I see no reason not to use the lower percentage in calculating one’s tax and then argue the toss if anyone asks questions.
1 user says Thank You to FVmouse for this post
Posts: 640
Threads: 40
Joined: Nov 2018
Reputation:
1,711
Okay, I think I have a handle on it now. Thank you all for taking the time to hash this out with me!
Could works done to the property affect the CV?
Posts: 229
Threads: 24
Joined: Dec 2018
Reputation:
476
Ducks if nothing has changed the only difference you will need to make are the dates you are paying. So no calculations needed.
I loved calculus!!!
However for the tax year 21/22 you will need to dust down the calculator as the 19% will change to 24%.
I doubt if the CV will have been revalued but now you have the link I sent you can check.
Good luck I`m off to do some calculus - working out how much paint you need to paint the inside of a sphere with different thicknesses of paint. That will get the brain working.
1 user says Thank You to beachlife for this post
Posts: 153
Threads: 13
Joined: Nov 2018
Reputation:
311
Ducks...the best place to monitor things is your annual IBI statement to see if your CV changes yoy. If it does then questions should be asked of your friends and neighbours to see if it’s everywhere. If not then ask the council....
Beachlife...no need for calculus, simply subtract the volume of the inner sphere from the outer.