Identify one hereditament with a Rateable Value of over £150,000 within Greater London but not within the Corporation of the City of London boundary.
a. Calculate the rates which should be payable for this hereditament each year from 2009 to 2014.
b. Clearly explain and discuss the basis of calculating the Rateable Value and clearly explain the rates payable calculations.
c. Provide considered advice on whether there are any potential savings which can be made to the rates payable.