Get your Business Rates Reduced on your Property
Some buildings can be exempt from paying business rates, especially when these properties are empty. There are a number of different rules that means your empty property may be eligible to get your business rates reduced. Let’s take a look at the options:
According to the government website, you may not have to pay business rates on:
- 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
There are however strict legal requirements for these exemptions though, so it’s always worth checking first.
Empty Properties is where The LOWE Group can really help you out, using our years of expertise and experience to identify innovative business rate mitigation schemes for your property.
You do not have to pay business rates on an empty building for 3 months. After this time, you may have to pay full business rates. There is however a number of ways you can extend the duration of your business rates relief:
Some properties can get extended empty property relief:
- Industrial premises (for example warehouses) are exempt for a further 3 months
- Listed buildings – until they’re reoccupied
- Buildings with a rateable value under £2,900 – until they’re 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
How do you get your business rates reduced with The LOWE Group?
Here at The LOWE Group, we work together with our clients to identify innovative uses for your empty property, with the attention of not only reducing your business rates but also creating a social impact.
You can view our business rate mitigation schemes, including property guardians and charitable occupation or alternatively, contact our team who would be happy to discuss the potential options for your vacant property.