Business rates are not payable for the first 3 months that a property is empty. This is extended to 6 months for industrial properties such as factories, warehouses or workshops. After the relevant rate-free period expires, an empty property will be liable for 100% of the rates unless the property is exempt from the unoccupied property rate.
Properties exempt from the unoccupied property rate are:
- occupation prohibited by law
- listed buildings
- those with a minimum Rateable Value (from 1 April 2017 a rateable value of less than £2,900)
- where the owner is entitled to possession only in the capacity of a personal representative of the deceased persons
- where the owner is subject to a bankruptcy or winding up order