Business Rates are a tax on the use and occupation of commercial properties, primarily based upon rental value. Present policy means that landlord’s receive 3 to 6 months exemption from rates when a property becomes vacant but then they can become liable for the full amount.
Besides appealing against the rating assessment, there are a number other measures that can be taken by landlords to reduce their rating liability. Liam Small, of Goadsby’s Southampton Commercial office explains “Following the departure of a tenant, landlords will often undertake works of refurbishment and/or alteration to the premises. During this period the landlord may be able to apply for temporary relief from rates.”
