Business Rates - Empty Properties
ListenBusiness rates are not payable for the first three months that a property is empty. This is extended to six months for industrial properties such as factories, warehouses or workshops. After the initial period rates are payable in full unless the property is exempt from unoccupied property rate. The properties exempt from unoccupied property rate are:
Occupation prohibited by law
An unoccupied property is exempt where its owner is prohibited by law from occupying it or allowing it to be occupied. This situation may arise where the Borough Council has taken legal action to prevent occupation on the grounds of a risk to health and/or safety
Listed Buildings
An unoccupied building which is the subject of a building preservation notice, or which is included in a list of buildings of specific architectural or historic interest, is exempt
Minimum rateable value
From 1 April 2011 unoccupied properties with rateable values of less than £2,600 are exempt.
Personal representatives of deceased persons
An unoccupied property is exempt where the owner is entitled to possession only in his capacity as the personal representative of a deceased person.
Insolvency and debt administration
An unoccupied property is exempt where the owner is subject to a bankruptcy order or winding up order.
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