This is available at 50% for ratepayers occupying single properties with a rateable value up to £5,000, with relief declining in percentage terms on a sliding scale until it is 0% at £10,000 rateable value.
The relief is only available to ratepayers with either
- one property; or
- one main property and other additional properties providing those additional properties have rateable values less than £2,200.
The rateable value of the property mentioned in (a), or the aggregate rateable value of all properties mentioned in (b), must be under £15,000 outside London or £21,500 within London.
The scheme is funded through a supplement on the rates bill of all businesses not eligible for the relief. The supplement is built into the standard non-domestic rating multiplier (rate in the pound). However, ratepayers of eligible business properties with rateable values between £10,000 and £15,000 (£21,500 within London) do not have to contribute towards the relief and will have their bills calculated using the lower small business non-domestic rating multiplier (rate in the pound).
Ratepayers must apply for the relief each year and must be eligible on the 1st April of each year. If a ratepayer ceases to be eligible on a day during the year in question, the relief will cease on that day.
An application form must be submitted in writing to us within 6 Months of the end of the financial year to which it relates.
Please contact us for full details.
