Business rates can be a substantial cost to a business, particularly during circumstances when that building becomes vacant. This can occur for a number of reasons, but there are situations where buildings may be exempt from paying business rates altogether. At The LOWE Group, we are passionate about helping businesses save money and have years of experience mitigating rates on empty properties, saving between 80-100% with our innovative and effective business rate mitigation schemes.
Get in touchExemptions from Business Rates
WHAT ARE THE EXEMPTIONS FROM EMPTY PROPERTY BUSINESS RATES?
If you own a vacant commercial property, most property owners will not have to pay business rates for the first 3 months after the building has become unoccupied. After this 3 month period you will, as standard, be required to pay business rates in full. However, according to Gov.uk, some commercial buildings may be completely exempt from business rates if you own one of the following:
– 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
CAN YOU EXTEND YOUR BUSINESS RATES RELIEF PERIOD?
If you do not qualify for exemption from business rates, there are a number of ways in which an empty business property can extend the rates relief period, for example:
– Industrial premises (e.g. warehouses) are exempt for a further 3 months
– Listed buildings – until reoccupied
– Buildings with a rateable value under £2,900, until reoccupied
– When a property is owned by a charity and the use of the property is mostly for charitable purposes
– Community amateur sports clubs buildings
FIND OUT IF YOU CAN GAIN EXEMPTIONS FROM BUSINESS RATES ON YOUR EMPTY PROPERTY
If you are the owner of an empty commercial property and want to find out more about exemptions from business rates and if you are eligible to receive this, get in contact with The LOWE Group today.
We look at innovative business rates mitigation schemes, delivering bespoke strategies to mitigate empty rates and save our clients a significant proportion of their outgoings. The LOWE Group can help you save a minimum of 80% on your Business Rates bill.
HOW THE LOWE GROUP CAN HELP YOU QUALIFY FOR BUSINESS RATE RELIEF
We work to help businesses mitigate or reduce unwanted costs during uncertain times when a commercial building becomes vacant. We do this by offering our clients the best solution for their unique circumstances through our innovative business rates mitigation schemes. Learn more about how we can best help you, through the following services:
– Intermittent Occupation
– Charitable Occupation
– Workspace Occupation
– Property Guardians
Alternatively, contact us today to discuss your options in more detail and save up to 100% from business rates on your empty property.
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If you’re a Property Owner and would like to find out how our Property Services can help you and your business, request a call back below: