Shops: Valuation
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 7 May 2025 to Question 48451 on Shops: Valuations, how the Valuation Office Agency determines whether an improved energy efficiency rating results in an enhanced valuation.
Answered by James Murray
For business rates, it is unlikely that an improved Energy Performance Certificate (EPC) alone would result in an increased Rateable Value (RV). However, the extent and type of works that resulted in the improved EPC rating, would be considered when determining whether they have an impact.
If the works were considered to have an impact on the rental value on the property, then the RV may be amended. For example, new installations such as heating and air conditioning are considered an improvement, and their installation may result in an increase.
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