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  • Deadline extended for Reval2026 rent and lease questionnaire

    Topics:
    • Finance

    Date published: 18 July 2024

    The deadline for businesses to return their rent and lease questionnaire (RALQ) has been extended until the end of August.

    Reval2026 - Rebalancing business rates

    Land & Property Services (LPS) has confirmed that businesses will now have until the 31 August 2024 to return the Reval2026 rent and lease questionnaire for non-domestic properties.

    Reval2026 offers businesses the opportunity to have a say and help inform future rates bills by providing up to date information that will contribute to a new valuation list published on 1 April 2026.

    Regular revaluations help ensure business rates stay up-to-date and reflect local economic changes.

    LPS will assess over 75,000 non-domestic properties for rates.

    Completing the questionnaire is simple and Land & Property Services has experienced valuers available to help any business owner who needs advice.

    The easiest way for businesses to submit their information or seek advice is online by visiting the Reval2026 page on our website.

    Notes to editors:

    1. Business rates are a long-established local property tax levied on all non-domestic ratepayers, proportionate to the rental value of each property
    2. Business rates are charged on non-domestic premises including shops, offices, warehouses, factories, hotels, pubs and utilities such as gas, water, electricity and wind farms.
    3. It is necessary to periodically revalue all non-domestic properties. The last revaluation took place in 2023 using 1 October 2021 rental values. Reval2026 will be based on an estimate of rental values at the 1 April 2024.
    4. Regular business revaluations ensure the rating system remains closely aligned to market values for business ratepayers and that the new revaluation is completed within a 3-year period. 
    5. LPS will publish draft valuations online in the Autumn of 2025, which businesses will have the opportunity to review, in advance of the new values taking effect in April 2026.
    6. Media enquiries should be addressed to the Department of Finance Press Office on Tel: 028 9081 6724 or email dof.pressoffice@finance-ni.gov.uk
    7. To keep up to date with news from the Department you can follow us on the following social media channels:

    X - @dptfinance
    Facebook - @dptfinance
    Instagram - @department_of_finance
    LinkedIn - Department of Finance

    8. The Executive Information Service operates an out of hours service For Media Enquiries Only between 1800hrs and 0800hrs Monday to Friday and at weekends and public holidays. The duty press officer can be contacted on 028 9037 8110.

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