As a landlord, can I get business rates relief for the property that I occupy and any vacant property?

As an owner/occupier of office or industrial space, empty rates usually apply when a building is fully vacant i.e. not just empty of people.

However, we are now reviewing the situation and testing whether the recent announcements by Government constitute a prohibition of use. Advice on the feasibility of vacating the building or part of the building (under-utilised space) is also worth looking into.

For landlords sitting on vacant space during current market conditions, the argument of prohibition may also apply and should be investigated or a wider strategy to establish the best way to mitigate the ongoing liability.

Of course, following on from recent announcements, any retail, leisure or hospitality property will automatically get a 12 month business rates relief.

To understand more about what potential reliefs you could be entitled to, contact our business rates team for assistance.

Disclaimer
The information contained in this article is provided for general information purposes only and reflects the position at the time of publication. While every effort has been made to ensure the accuracy of the information, subsequent changes in legislation, case law, or policy may affect its validity. This article does not constitute legal advice, nor should it be relied upon as such. Readers are advised to always seek specific guidance in relation to their individual circumstances before taking or refraining from any action based on the contents of this publication.