Market Insight

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

April 9, 2020

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.