Airports: Business Rates — Written Question

Question

Mr Richard Holden

Conservative — Basildon and Billericay

To ask the Chancellor of the Exchequer, pursuant to the answer of 17 November 2025 to Question 87788, whether airport turnover and revenues were a material consideration in the determination of airports' Rateable Value in the revaluation of business rates

Answer

Dan Tomlinson

The Rateable Value of a property is a measure of its annual rental value. The best evidence to use in undertaking such valuations is actual rental evidence. For some classes of property there is a paucity or indeed no rental evidence as these properties a...

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