ENGLAND > Transitional Agreements

A large property is defined as one for which the RV as at 1 April 2017 is above £100,000.

A medium property is defined as one for which the RV as at 1 April 2017 is between £20,001(£28,001 in London) and £100,000.

A small property is defined as one for which the RV as at 1 April 2017 is less than £20,001(£28,001 in London).

Maximum Annual Increases in Rates Payable

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Rate YearIn Real TermsInflation
2017/1842.0%44.8%
2018/1932.0%36.0%
2019/2049.0%52.7%
2020/2116.0%18.3%
2021/225.0%7.1%
Rate YearIn Real TermsInflation
2017/1812.5%14.7%
2018/1917.5%21.0%
2019/2020.0%23.0%
2020/2125.0%27.5%
2021/2225.0%27.5%
2022/2325.0%%
Rate YearIn Real TermsInflation
2017/185.0%7.1%
2018/197.5%10.7%
2019/2010.0%12.7%
2020/2115.0%17.3%
2021/2215.0%17.3%
2022/2315.0%%

Maximum Annual Decreases in Rates Payable

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Rate YearIn Real TermsInflation
2017/184.1%2.2%
2018/194.6%1.7%
2019/205.9%3.6%
2020/21 5.8%3.9%
2021/224.8%2.9%
Rate YearIn Real TermsInflation
2017/1810.0%8.2%
2018/1915.0%12.4%
2019/2020.0%18.0%
2020/2125.0%23.5%
2021/2225.0%23.5%
Rate YearIn Real TermsInflation
2017/1820.0%18.4%
2018/1930.0%27.9%
2019/2035.0%33.4%
2020/2155.0%54.1%
2021/2255.0%54.1%

Inflation assumption

The UBR and transitional arrangements estimates after inflation assume, in line with OBR forecasts, that the Consumer Prices Index will increase by 2.5% at September 2018 and 2% pa thereafter.