Warning – Change to Empty Property Rates on Industrial Buildings PART 2 - February 08
Further to our update on this subject we now detail below a number of exempt premises that will not be charged empty property rates.
• Industrial properties that are used for the manufacture, repair or adaptation of goods or materials, storage, processing or working of minerals or the generation of electricity.
• Small businesses with a rateable value of less than £2200
• Empty rates will only be chargeable on listed buildings which are not on the list of buildings of special architectural or historic interest or subject to a building preservation notice under the terms of the Town & Country Planning Act 1971 and the Planning (Listed Buildings and Conservation Areas) Act 1990, otherwise they are exempt.
• Properties held by personal representatives of deceased persons or insolvency and debt administrators are exempt from empty rates provided those persons are only entitled to possession in their role as personal representative or administrator.
• Where an unoccupied property is prohibited by law from occupation, no empty rates are payable.
• Properties kept vacant by the actions of the Crown or local or public authorities with a view to prohibiting occupation or acquiring it are exempt.
• Ancient Monuments that are included in the schedule of monuments compiled under Section 1 to the Ancient Monuments and Archaeological Areas Act 1979 are exempt.
Philip Parkinson, Partner, Commercial Property
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