Can I Get Any Other Help if I Own an Empty Business Property?
To help reduce the financial burden on owners of empty business properties, the Government have introduced new legislation which exempts people from paying business rates on empty property, if the rateable value of their property is below £15,000. This applies to the 2009/10 financial year only. In previous years this exemption only applied where the rateable value of an empty property was below £2,200. The legislation has recently been reviewed and the Government have decided that the new threshold for 2010/11 will be £18,000. Again, this extension will be initially for one year only and will be reviewed again at the end of the 2010/11 financial year.




