Business Rates and Unoccupied Property

because they are not allowed to do so by law.

And, properties that have a rateable value less than £2,200 in the 2005 list, rising to £18,000 in the list of 2010. Also exempt are listed buildings and ancient monuments; those under control of a deceased person’s executor; and, those whose owners who are subject to a bankruptcy order, or are insolvent, or where the company is under a winding-up order, or in administration, or in liquidation.

One of the main questions from owners of unoccupied property, is what if their property is in a dilapidated condition, or, indeed, not ready for beneficial occupation. In this case, the property should come under the attention of the council Valuation Officer, who if they agree the property is not in a suitable condition to be used, can remove it from the Local Rating List. But it is up to the discretion of the Valuation Officer.

And for anyone who does not agree with their valuation of their building, especially if it does have unoccupied property status, they can also appeal to the Valuation Office. The key thing for any landlord, is to ensure that they are fully aware of all of the local rules imposed by their local authority Council.

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