Transitional Relief was introduced to limit rates bill increases to 12.5% (in real terms) after the most recent revaluation, which took effect from 1 April 2017.
The relief has since been extended into 2019/20. It only applies to properties which are used mainly or wholly for specified purposes. These categories are:
- bed and breakfast accommodation
- camping site
- caravan site
- chalet and holiday hut
- guest house, hotel and hostels
- public house
- renewable energy generation
- self-catering holiday accommodation
- timeshare accommodation.
No Transitional Relief will apply on properties where the rateable value exceeds £1.5 million.
An application for Transitional Relief in 2019/20 must be made in 2019/20. From 1 April 2019, an application can no longer be made for relief in 2018/19 (or 2017/18).