Business rates exemptions

Certain property, whether occupied or out of use for a period, may be eligible for exemption from payment of business rates. The GOV.UK website lists the following as potentially eligible:

Exempted buildings – certain properties are exempt from business rates. Exemptions include:

  • agricultural land and buildings, including fish farms

  • buildings used for training or welfare of disabled people

  • buildings registered for public religious worship or church halls

Empty properties – you don’t have to pay business rates on empty buildings for 3 months. After this time, most businesses must pay full business rates. Some properties can get extended empty property relief:

  • industrial premises (e.g. warehouses) are exempt for a further 3 months

  • listed buildings – until they are reoccupied

  • buildings with a rateable value under £2,600 – until they are reoccupied

  • properties owned by charities – only if the property’s next use will be mostly for charitable purposes

  • community amateur sports clubs buildings – only if the next use will be mostly as a sports club

If you are concerned that you may be missing on these exemptions contact your local council to find out more.

This entry was posted on Friday, June 20th, 2014 at 12:00 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.