Small Business Rates Relief

The Government has extended its support to the Small Business Rates Relief scheme where businesses occupying premises with a rateable value of up to £6,000 pay no business rates.

If the rateable value of a property is between £6,001 and £12,000 businesses will receive relief on a sliding scale of between 100% and 0%.

Properties only qualify if they are the sole premises for the business and the scheme is only extended until 31st March 2017.

If you have more than one property you can get small business rate relief if the rateable value of each of your other properties is less than £2,600.

The rateable values of the properties are added together and the relief applied to the main property.

You'll keep getting any existing relief for 1 year when you get a second property.

For more information on small business rates relief and how you can benefit please contact our Commercial Agency team on Lincoln (01522 698888).

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Hodgson Elkington LLP
1 Oakwood Road,
Doddington Road,
Lincoln, LN6 3LH,
Lincolnshire,
United Kingdom

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Telephone:
01522 698888
Email:
commercial@hodelk.co.uk

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01522 698989
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