Empty Rates – Reducing The Liability

With effect from 1 April 2008 the rules on ratesliability for unoccupied premises changed. Unoccupied industrial and warehouse premises are exempt from liability for only six months from the date they became unoccupied, after which they will be charged at the full rate; whereas offices and retail property will be charged at the full rate following a three month exemption period.

There are ways to avoid paying rates on empty property, however, it is important to weigh up the advantages and disadvantages as many of the possible solutions also have a downside.

If a property is occupied for a period of six weeks,the concessionary period referred to above will commence again once the property is vacated. Alternating between short lets and periods of exemption can continue indefinitely.