Home > Off Topic > Business Rates - Anybody Knowledgeable? |
|
|
munch90 Member Since: 26 Oct 2013 Location: guildford Posts: 3558 |
business rates are split up depending on what its rated for , ie for storage , working , office ,etc there are quite a few groups
if its a proper industrial unit and rated as such the chances of you getting it re-rated for personal use , so in effect no rates are best part nil I would say small business rate relief all depends on size etc sorry not a expert , someone will know more details |
||
4th Aug 2015 6:41pm |
|
excossack Member Since: 22 Feb 2012 Location: North West Posts: 5843 |
The best place to ask I guess would be the local authority for that area ( I know who see where I work, but that probably won't help you) although I could probably ask but it might differ between authorities. 1999 Defender TD5 110
Regards John M0VAZ Econet Station 48 no clock |
||
4th Aug 2015 6:48pm |
|
custom90 Member Since: 21 Jan 2010 Location: South West, England. Posts: 20347 |
Local authorities will make a law if it means they see an option for cash.
|
||
4th Aug 2015 7:22pm |
|
munch90 Member Since: 26 Oct 2013 Location: guildford Posts: 3558 |
Few years ago there was a unit empty next to one of ours , few years ago if the place was empty you didnt pay rates at all , now you only get 6 months free ( or something like that , if your refurbing it might 9 month )
it worried the council to death that they weren't getting any rates on it and kept coming to check , used to come in to ask us about it , always just said i didnt take any notice what went on ! so if you get it changed expect vists ! |
||
4th Aug 2015 7:23pm |
|
Larry Member Since: 24 Mar 2015 Location: Devon Posts: 7 |
If the annual rent is below a certain amount, I think it's about £6500 you will qualify for full rate relief, above that it's on a sliding scale of discount. I just took on a unit for storage, signed it in my name, but the local authority figured out it was linked to my business premises a few miles away, which I claim rates I relief on. So am having to pay full rates on the unit. VWhich has made it avery expensive storage unit.
|
||
4th Aug 2015 7:39pm |
|
leeds Member Since: 28 Dec 2009 Location: West Yorkshire Posts: 8581 |
All property is basically subject to rates or a local tax unless they are specifically exempt.
Business rates or non domestic rates currently have 100% relief up to a certain rateable value. To use a business premises for non business use you would technically need planning permission. For instance take a fast food takeaway shop and you want to use it as a residential property or even estate agents shop change of use permission would be required. Best advice is when you find a property you are interested in, talk to local rating authority and get their opinion. Brendan |
||
4th Aug 2015 8:08pm |
|
taazzukcb Member Since: 30 Aug 2013 Location: Derbyshire Posts: 663 |
The rent would be under that figure, but I thought that figure was based on a 'Rateable Value' which is normally set by someone making a guess in a suit?
If it's based on the rent, it's well under. This is all very confusing. I am planning on ringing the local authority to the unit (different to my home authority), but I'm not expecting to get very far as like some have suggested ... it might just be best guesses etc. It's so frustrating. I dont want to do anything dodgey and want to keep everything how it should be, but by doing so it makes everything so difficult. I'm not sure what it's classed as. There's no official toilet on site either, so not sure it can even be office/workshop. I will have access to a local loo, but it's not part of the unit . Crazy how a toilet can change a sites status. I'm just puzzled and it's not clear on who to turn to! Larry, how easy was it to sign in your name? Sorry to hear of your misfortune with the business bit though! |
||
4th Aug 2015 8:11pm |
|
taazzukcb Member Since: 30 Aug 2013 Location: Derbyshire Posts: 663 |
Leeds, that's interesting.
Even if I use the unit for what it was intended (it was a garage unit before), but for personal use without making profit, it'd need planning? |
||
4th Aug 2015 8:13pm |
|
GREENI Member Since: 22 Aug 2010 Location: staffs Posts: 10381 |
Is this the Goldenhill gaff?
I meant to go have a look today, but have only just. Come out of the garage |
||
4th Aug 2015 8:14pm |
|
taazzukcb Member Since: 30 Aug 2013 Location: Derbyshire Posts: 663 |
No, one a bit closer to home. Cant afford that Goldenhill one on me todd!
Dont think this one is as big, but it's a really nice site with just the bloke and his dad living on site with 2 houses they own and rent out and a very rough track to get to it. Enough room inside for 3-4 vehicles at a squeeze and massive doors that you could fit even the most lifted of trucks through. Even a mog ! |
||
4th Aug 2015 8:28pm |
|
munch90 Member Since: 26 Oct 2013 Location: guildford Posts: 3558 |
Not sure about planning permission needed , as your not really changing use like business to dwelling ,
|
||
4th Aug 2015 8:30pm |
|
GREENI Member Since: 22 Aug 2010 Location: staffs Posts: 10381 |
Cool! Goldenhill is a bit dubious.
|
||
4th Aug 2015 8:44pm |
|
leeds Member Since: 28 Dec 2009 Location: West Yorkshire Posts: 8581 |
Rent paid has nothing to do with rateable value.
The rateable value is set by your local valuation office. Your local authority will set the percentage of the rateable value paid as a non domestic rate. The government has set out what is called small business rate relief look here Speak to your local rating office they will give you more detailed information about the particular unit you are looking at and your proposed use. Brendan |
||
4th Aug 2015 8:51pm |
|
Macpaul Member Since: 25 Mar 2013 Location: SW Surrey Posts: 439 |
What Brendan said above.
No rates up to a rateable value of £6k per annum, sliding scale thereafter to £12,000. And for that you get nothing. Not even the bins emptied. No rates on empty properties for the first three months, then full amount after that, thanks to Gordon Brown. So an owner doesn't pay tax if the a qualifying place is occupied and you do if it isn't. Mad. I'm a Chartered Surveyor and have to deal with this stuff a lot. Govt take from Business Rates last year I think was £28bn. 2003 Td5 110 Hardtop Now a 2013 110 USW too. |
||
4th Aug 2015 10:05pm |
|
|
All times are GMT |
< Previous Topic | Next Topic > |
Posting Rules
|
Site Copyright © 2006-2024 Futuranet Ltd & Martin Lewis