From April 2008 new rating relief rules were introduced. All commercial property is now entitled to 100% rates relief for the first three months from the date it becomes empty. Industrial property is entitled to 100% rate relief for the first six months from the date it becomes empty. Thereafter the property will be liable for full rates.
For the year commencing 1 April 2009 changes were introduced to allow exemptions for some properties. In particular, properties with rateable values of £15,000 or less do not currently pay empty property rates. The government has recently announced that the exemption will continue for another year from 1 April 2010 but with an increased exemption threshold of £18,000.
As part of our service we can advise you on how to limit your liability or possibly reduce the rateable value beneath the thresholds, either through appeals, rationalisation disposals or expert marketing advice.
You can speak to one of our rating advisers on 01782 211 160 to discuss your options
