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Do you have to pay rates on empty property?
You are exempt from paying rates on empty property for up to 3 months, or 6 months for industrial properties, or if selling a house during probate. After this period, you will be subject to paying business rates for your property.
Experts in business rates appeals
- No upfront fees
- No-win, no-fee service
- No fee for our work if it does not result in savings
What is classed as an empty property?
A property is classed as unoccupied if it has been vacant for 30 or more consecutive days. This applies to all types of property, whether they have been left unoccupied for a sale or let, renovations or other reasons.
How are empty property rates calculated?
In England and Wales, business rates are calculated through the Valuation Office Agency (VOA). In Scotland, they are determined annually by the Scottish government according to the value of your property multiplied by a national poundage rate
Can I save costs on empty property rates?
There are waivers available for Business Rates for unoccupied properties, which can lead to significant cost-savings. We are the largest and most experienced Empty Rates specialist team in the UK and we offer innovative, risk-free, solutions to manage your empty rates exposure.
Our empty property services include the below.
- Properties undergoing alteration / improvement – we may be able to remove the liability entirely
- Properties in disrepair – we may be able to request a nominal value assessment
- Exemptions – we will always review possible local authority exemptions that could be applied to your account
- Temporary occupation – we can help you find a suitable occupier and manage the whole process to ensure both owner and the property are fully protected
- New properties – the rateable value of a new property is often first entered into the rating list incorrectly. We can provide advice to help you avoid premature liability
Our experienced team can work with you to plan actions, interventions, and mitigations proactively to achieve the best outcome for you. Contact us for more information today.
Experts in commercial property
Contact our team of leading auctioneers, property agents, and RICS-qualified surveyors today.
Get in touch with the Eddisons team
Please contact us for more details and information