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ALLOWANCES AND RELIEF

19th August 2010, Page 28
19th August 2010
Page 28
Page 28, 19th August 2010 — ALLOWANCES AND RELIEF
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If you have already moved out of your premises, and they are empty, is there anything you can do to mitigate your outgoings? It might be possible to avoid paying empty property rates, or at least reduce your liability. Again, check your rating assessment. If your rateable value for 2010 is significantly higher than for 2005, you might be entitled to some transitional relief. Check with the Valuation Office Agency that you are receiving all allowances and reliefs. If your property is a listed building. it will receive the full exemption from empty property rates.

If you are entitled to small business rate relief, then you might consider re-occupying the property, as empty properties do not qualify for the relief and the rates payable by a ratepayer who qualifies might be less than the rates payable on an empty property.

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Organisations: Valuation Office Agency