|  Changes
to Empty Property Rate Effective from 1st April 2008
Changes
announced in the Budget of March 2007will come into force
from 1st April 2008 (01/04/08). Under
current regulations, i.e. prior to April 2008, if you own
or rent an unoccupied factory, warehouse, or other industrial
property, you will have been receiving 100% relief on your
rate liability.
From
1st April 2008 changes to legislation will mean that you will
become liable for the full business rates payable on your
property.
Similarly,
if you own or rent an unoccupied shop, office, or other non-industrial
property, you will have been receiving 50% relief on your
rate liability.
From
1st April 2008 this relief will cease and you will become
liable for the full business rates payable on your property.
|
Adrian
Smith is a Rating Surveyor with over 25 years experience
in representing and advising ratepayers. He has an in
depth knowledge from both sides of the fence as he has
spent much of his working life with the Valuation Office
Agency as well as representing private sector business
and acting as consultant to professional
property firms.
He
has the knowledge, experience and technical expertise
to advise on all aspects of rate liability including
valuation, the application of transitional arrangements,
rating appeals, material change of circumstance, temporary
allowances, empty property rate, section 44a relief,
transitional certificates, charitable and other reliefs,
as well as acting on your behalf in an appeal against
your rateable value and representing you at valuation
tribunal.
If
you are a ratepayer or a property professional and require
advice on rating matters it is essential that you consult
a rating specialist.
|
|
