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Nurseries throughout the UK could be missing a chance to save money because they are paying too much property tax.
Three nurseries in Buckinghamshire have successfully challenged the rate of property tax they pay and have saved thousands as a result.
Kiddies Academy in Beaconsfield, Marlow Day Nursery in Marlow and Monkey Puzzle in High Wycombe have all challenged their rating assessment by appealing to the Government's Valuation Office Agency (VOA).
Marlow Day Nursery’s appeal resulted in more than a 30 per cent reduction in its property tax.
Its property’s rateable value was reduced from £15,000 to £10,000.
Appeals to the VOA were launched for the nurseries by property consultants Bruton Knowles, which operates throughout the UK.
Peter Beauchamp a ratings specialist at the firm is urging more nurseries to challenge their business rates to see if they are eligible for a refund and reduced bills in the following years.
With accommodation in nurseries varying greatly from portable buildings to large Victorian mansions, the business rate individual nurseries should pay can vary greatly but can be deciphered by experts.
Peter Beauchamp said: “Ask a chartered surveyor who is well-versed in business rates to check your property’s assessment. In the South East it’s common enough that some valuations are incorrect."
However nurseries are encouraged to be patient when it comes making an appeal.
Mr Beauchamp added: “If I made an appeal today, I doubt it would be resolved till early Spring.”