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Small Business Rates Relief
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luciano
Posts: 29 Forumite
Hello Everybody,
My wife has recently opened a business (a Cafe) and we would like to apply for a small business rates relief. The requirement is that this is the only property she owns. She opened it with her business partner (let’s call her person
who’s boyfriend (person C) owns a business as well (his own Cafe). Person A (my wife) and B would not be able to buy the lease for the property due to no credit history. The superior landlord agreed to rent the property to A and B only if C will be on the buyers list as well.
So the business is run by the partners A and B. The partners are registered as business rates payers. Lease for the property is owned by A, B and C.
It is true to say that A and B own only 1 property?
Thank you!
My wife has recently opened a business (a Cafe) and we would like to apply for a small business rates relief. The requirement is that this is the only property she owns. She opened it with her business partner (let’s call her person
who’s boyfriend (person C) owns a business as well (his own Cafe). Person A (my wife) and B would not be able to buy the lease for the property due to no credit history. The superior landlord agreed to rent the property to A and B only if C will be on the buyers list as well.So the business is run by the partners A and B. The partners are registered as business rates payers. Lease for the property is owned by A, B and C.
It is true to say that A and B own only 1 property?
Thank you!
0
Comments
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So. If 4 men dig a ditch at 100 metres a day.....Eat vegetables and fear no creditors, rather than eat duck and hide.0
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The key error is the word "own". Replace that with "occupy" and you are home and dry for small business relief.
"You will be eligible for a discount under the small business rate relief scheme in England if you only occupy one property"
from http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1086075891&type=RESOURCES0
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