Business Rates and Unoccupied Property

Business rates for unoccupied property that which is deemed commercial

, or non-domestic were changed by the previous Government in the 2007 budget and came into effect from 1 April, 2008.

An unoccupied property which is not a domestic dwelling does attract business rates, but much depends on its status at the time.

Although whatever status the building is in, experts agree that it is always best to ensure that it is covered by unoccupied property insurance. Given the inherent vulnerability of such properties (attacks from natural and man-made disasters, and vandals and squatters), a comprehensive unoccupied property insurance is vital. And for domestic homeowners as well, they should not forget the advantages of a well conceived unoccupied house insurance policy.

But back to business rates which from the date of the new legislation, went from a discounted level of 50% of the occupied rate, to 100% of that rate. What's more, those industrial properties which were exempt from empty property rates, now have to pay the full rate.

There are important exemptions to this rule though; the main one being that empty properties owned by charities, or by amateur sports clubs that operate at a community level, are exempt. There are further key exemptions which need to be considered. First up are those properties which have been empty for a period (continuous) not exceeding three months. This is except for industrial properties where the period of exemption is six months.

Next is an empty property which the owner is not allowed to occupy it because they are not allowed to do so by law.

And, properties that have a rateable value less than 2,200 in the 2005 list, rising to 18,000 in the list of 2010. Also exempt are listed buildings and ancient monuments; those under control of a deceased person's executor; and, those whose owners who are subject to a bankruptcy order, or are insolvent, or where the company is under a winding-up order, or in administration, or in liquidation.

One of the main questions from owners of unoccupied property, is what if their property is in a dilapidated condition, or, indeed, not ready for beneficial occupation. In this case, the property should come under the attention of the council Valuation Officer, who if they agree the property is not in a suitable condition to be used, can remove it from the Local Rating List. But it is up to the discretion of the Valuation Officer.

And for anyone who does not agree with their valuation of their building, especially if it does have unoccupied property status, they can also appeal to the Valuation Office. The key thing for any landlord, is to ensure that they are fully aware of all of the local rules imposed by their local authority Council.

Business Rates and Unoccupied Property

By: Maline Morgan

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