NI Rates Bill- how do you payyour bill?

Wee_Bargain_Hunter

attritioner wrote: »

Does anyone know the rationale behind the 15% or 7.5% reduction in rental properties? My understanding is that this discount is offered to landlords on rental properties (15% in the case of agreeing to pay the rates for a full year even when the property is unoccupied). I actually find it quite disgusting that as a homeowner I am expected to pay in full by the first week in May to get a 4% reduction, yet landlords get until the end of September and get a 15% discount.

Great minds and all that - when I was looking at the rates website earlier I also thought the discount was unfair. If someone is wealthy enough to have a rental property then why should taxpayers subsidise this? On a pragmatic level I can see why they encourage landlords to collect the rates but I think the discount is far too high.

FUNKYDADDIO

Anyone know where the 4% discount shows or how its paid back?... Cheers..

highrisklowreturn

Wee_Bargain_Hunter wrote: »

Does anyone know when you have to start paying rates for a newish extension? I've had a look at the FAQ but can't find the answer. Thanks.

Technically you should inform them that you have extended. Your builder or you should inform building control who in turn inform the Valuation Division of the LPS, resulting, several months later, in a revised rate demand.

The same would apply with a reduction in the size or degradation in the quality of the property.

highrisklowreturn

FUNKYDADDIO wrote: »

Anyone know where the 4% discount shows or how its paid back?... Cheers..

Front page of the bill. Just deduct 4% from total and pay that. Any casio 15 button calc will do.

getzls

I'm moving into a new house (buying) from a rental, about 10th of May. Should i ph Rates Office now and get rates bill set up. Will tell them i won't be moving in till May. Worried in-case they try to bill me from April.

ballyblack

From experience and to avoid confusion on their records, wait till you move in.

Then tell them



.

Chickabee

attritioner wrote: »

Does anyone know the rationale behind the 15% or 7.5% reduction in rental properties? My understanding is that this discount is offered to landlords on rental properties (15% in the case of agreeing to pay the rates for a full year even when the property is unoccupied). I actually find it quite disgusting that as a homeowner I am expected to pay in full by the first week in May to get a 4% reduction, yet landlords get until the end of September and get a 15% discount.

Its the same old same old.
Joe Public always gets screwed over unfortunately

ginger_nuts

attritioner wrote: »

Does anyone know the rationale behind the 15% or 7.5% reduction in rental properties? My understanding is that this discount is offered to landlords on rental properties (15% in the case of agreeing to pay the rates for a full year even when the property is unoccupied). I actually find it quite disgusting that as a homeowner I am expected to pay in full by the first week in May to get a 4% reduction, yet landlords get until the end of September and get a 15% discount.

in GB they pay council tax and the tennant is responsiable for paying it ,not the landlord .In NI the landlord get a discount for colecting the rates ,hence not relying on the tenant to pay it directly .I would prefer if the tenant paid the rates but how many would pay .The landlord has to pay in full to get the discount and I can asssure you it is a pain in the @rse .

baldeagle09

I always pay in one instalment. It is mad to do otherwise. The headline rate of 4% discount might not seem much (although I respectfully suggest you would be hard pressed to get 4% on any savings account currently). When you compare the payment in one instalment at the beginning of May to say 10 monthly payments from the same date, you would have to be earning 11.5% on your alternative investment to justify the 10 monthly instalment route. Do the sums yourselves if you don't believe me!

dmxdave

baldeagle09 wrote: »

I always pay in one instalment. It is mad to do otherwise.

Sorry but I don't have the funds to pay in one instalment!