Empty Property Rates

Commercial property throughout the U.K is subject to Business Rates which is a tax on occupation and paid by the occupier. However, when a commercial property becomes vacant this tax still exists in the form of Empty Property Rates. The liability for this would then be enforced on the owner of the premises.  

An initial period of 3 months relief is applied on empty properties once they first become vacant which is granted by Local Authorities. This is extended to 6 months if the property is industrial in nature.  

Governing rules, legislation and regulation around the minefield of empty rates is complex and can prove to be a complicated issue for Landlord’s, Developers and Property Companies who wish to minimise the liability that empty rates pose. 

It is therefore imperative that professional advice is sought and that a strategy is implemented which reflects the needs and requirements of the client.

At Roger Hannah we have considerable experience in assisting clients with mitigating their Empty Rates Liabilities and we detail below three potential steps which could be considered:

Temporary Occupation

We can develop a strategy allowing you to benefit from empty rates exemption periods with the potential to reduce your empty rates liability by 100%.

 

We were able to put in place an effective occupation strategy whereby savings in the region of £90,000 were generated for the client during one scheme. Further schemes could then be carried out throughout the year if required.

Case Study

Beyond Economic Repair

This is a complex area of Rating Law and is commonly known as “Beyond Economic Repair”. A property which is vacant and in disrepair will still have a Rateable Value and therefore empty rates payable on the premises.

If disrepair exists, then an appeal can be lodged to delete the assessment from the Rating List which would also remove any empty rates liability.

We have a track record of successfully achieving reductions of 100% on such grounds.

 

This is a complex area of Rating Law and is commonly known as “Beyond Economic Repair”. A property which is vacant and in disrepair will still have a Rateable Value and therefore empty rates payable on the premises.

Case Study

Refurbishment / Redevelopment

Properties undergoing significant refurbishments / redevelopment should not be rateable for the duration of the works and scheme carried out.  

We have vast experience and 100% success rate in dealing with this complex issue.

Properties undergoing significant refurbishments / redevelopment should not be rateable for the duration of the works and scheme carried out.
We have vast experience and 100% success rate in dealing with this complex issue.

Case Study

Empty Rates Advice | 0161 429 1670

With zero impact on your investment and a 100% success rate, our experts can offer a tailored service to meet your empty rate requirements and reduce the unnecessary liability that empty rates pose.

Please contact our dedicated team today for free initial advice.

 

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