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Small business rate relief -help!
gaz99
Posts: 3 Newbie
Hi - Please could any business rate "expert" advise.
I understand to qualify for small business rate relief you can not have more than one property - in our situation my wife has a shop at one end of the town selling gifts - we are business partners but it is my wife's shop - I have a shop about 1/2 a mile away selling gent's clothing. This is run as a limited company with as each of us a director of the company. Do we each qualify for SBRR as they are two separate businesses?
Thank you for your help.
I understand to qualify for small business rate relief you can not have more than one property - in our situation my wife has a shop at one end of the town selling gifts - we are business partners but it is my wife's shop - I have a shop about 1/2 a mile away selling gent's clothing. This is run as a limited company with as each of us a director of the company. Do we each qualify for SBRR as they are two separate businesses?
Thank you for your help.
0
Comments
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I know they're unlikely to be available over the weekend, but my first step would be to ask my accountant ... if no-one replies from a position of knowledge that would be my advice.Signature removed for peace of mind0
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If the businesses are separate then you should both qualify for the small business relief, it isnt limited to one business only but is cumulative on the rateable value. I think the limit for 100% relief is RV 6000 in England. I work in Scotland the 100% limit is RV10000
if I can help some more please ask
elmer0
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