AQW 39732/22-27 Written question to the Minister of Finance
To ask the Minister of Finance to detail any alternative relief mechanisms that will apply to businesses whose draft NI Reval2026 outcomes included relief for proven flood-damage.
Asked by Andrew McMurray MLA on 3 February 2026
- Answered
- Written
- Tabled
- 3 February 2026
- Answer due by
- 18 February 2026
- Answered
- 17 February 202614 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
A revaluation is a statutory process that resets rateable values to a fixed valuation date. Reval2026 was estimating rental values as at 1 April 2024, rather than the current statutory tone date of 1 October 2021. The draft figures simply reflected the rental evidence of property gathered during the exercise.
As the Member will be aware, I announced on 29 January that I was stopping the Reval 2026 process.
I would direct the Member to my oral statement to the Assembly:
Finance Minister Oral Statement - Reval 2026 | Department of Finance