Parks Transitional Relief provides for a 33% award in 2024/25 (67% in 2023/24) for parts of parks that existed but were exempt from valuation for Non-Domestic Rating on 31 March 2023 and became rateable on 1 April 2023.
An award of Parks Transitional Relief may be applicable if the following conditions are met.
The premises
- is a park or part of a park
- were not shown on the Valuation Roll on 31 March 2023
- were inserted in the Valuation Roll for the first time on 1 April 2023
- has a rateable value in excess of zero on 1 April 2023.