Empty Rates Flashcards
1
Q
What are empty rates?
A
Proportion of business rates that is payable when the property is vacant
2
Q
What is the current UBR?
A
- 2p (standard)
49. 9p (small business less £51,000 RV)
3
Q
Empty rates relief
A
Three months – office and retail
Six months – industrial
4
Q
COVID-19 business rates relief
A
Only on retail – 100% relief from April 2021 to June 2021
66% relief from July 2021 to March 2022
5
Q
Buildings exempt from business rates
A
Agricultural land and buildings including fish farms
Buildings used for training or welfare of disabled people
Buildings registered for public religious worship or church halls
