Empty Property - Important changes from 1 April 2008
Currently empty properties have an exemption from rates for three months where no charge is made. A charge of 50% is made after three months. Some properties, for example factories and warehouses, are exempt from paying empty property rates.
With effect from 1 April 2008 the government has reformed charges for empty properties. In summary the reforms are:
- Non-industrial properties empty for more than 3 months will no longer receive 50% rate relief;
- Industrial properties empty for more than 6 months will no longer receive 100% rate relief;
- Charities and Community Amateur Sports Clubs will receive 100% rate relief on empty properties;
If you would like more information about Empty Properties or any other reduction contact our business rate office.
