Empty business rates
When the business rates relief on empty commercial property changed in April 2008, it caused a particular burden to many companies that, from time to time, have empty commercial property.
What are the rules on business rates for empty properties?
You will be exempt from paying business rates on empty commercial property for three months after the property becomes vacant. There are also additional exemptions for certain types of property or for properties under a set rateable value:
- Industrial premises, such as warehouses, are exempt for a further three months
- Listed buildings are exempt until they become occupied again
- Buildings with a rateable value under £2,600 are exempt until they become occupied again
- Properties owned by charities are exempt if the property’s next use is likely to be wholly or mainly for charitable purposes
- Community amateur sports club buildings are exempt if their next use is likely to be wholly or mainly for a sports club
However after the exemption period ends, you will be liable for the full business rates bill.
We can give advice on empty business rates relief available and strategies for reducing your liability.
For further information on this and other professional services contact usTel: 0121 212 5993 Email: mcook@kwboffice.com



