Transitional Relief was introduced to limit rates bill increases to 12.5% (in real terms) following the revaluation which took effect from 1 April 2017.
The relief has since been extended into 2022/23 and is only applicable to those properties which are used mainly or wholly for certain specified purposes. The details of these categorises are listed below:
- Bed and Breakfast accommodation
- camping site
- caravan
- caravan site
- chalet and holiday hut
- guest house, hotel and hostels
- public house
- restaurants
- self-catering holiday accommodation
- timeshare accommodation.
No Transitional Relief will apply on properties where the rateable value exceeds £1.5 million.