AQW 2036/17-22

Ms Claire Sugden
Independent
East Londonderry

Tabled Date: 13/02/2020
Answered On Date: 27/02/2020
Priority Written: No

Question:
To ask the Minister of Finance what percentage of businesses provided data requested by Land and Property Services to determine the Net Annual Value of their business property for Reval 2020.

Answer:

In April 2019 Land & Property Services (LPS) wrote to 44,487 occupiers of business properties seeking information on rent, lease and trading information. LPS followed up with reminders to those that did not respond. LPS did not write to property which is generally not available to rent, such as churches, schools, hospitals or universities. Vacant property was also excluded.

LPS received 20,600 responses, a return rate of 46%. Since publishing the draft schedule of values on 7 January LPS has received a further 23 responses.

LPS will undertake a review of the arrangements to gather evidence to inform the revised Net Annual Values for Reval2020 with a view to exploring what may be done as part of the next non-domestic revaluation to improve the rate of returns from all classes of business.