Second Home

MelanieDem

Hi, My tenants are moving out of my rental flat and I am told it is not a good time to try and relet my property.  Would I be able to claim a £10k grant as this is a business?

bradders1983

You pay tax on the rental proceeds?

Grumpy_chap

I think the grant is only for properties that are subject to business rates (or would be, but for thresholds) and assume your rental flat is a normal residential property subject to Council Tax.
If the tenants are moving out at the normal end of tenancy, then this is just bad timing.  You might as well list for re-let though as it will gain views (online) and may queue someone for once things all start moving again.  It is also possible that there will be someone who needs to move in the interim and that is still allowed - it is up to the letting agent to work out how to facilitate a 'socially distanced' viewing.

MelanieDem

.bradders1983 said:

You pay tax on the rental proceeds?

Yes I pay tax on the rental proceeds

yksi

If your agent told you not to relet it, get a new agent. Many are doing virtual tours or offering keys on deposit to self-tour. Even though it's a bad time to be moving, some people still need to move.

Vestraun

No, rental flats are not eligible. 

Jeremy535897

In answer to your specific question, there is no £10,000 business grant available for property let on, for example, an assured shorthold tenancy. It fails the test that it is not on the rating list, and it is not, despite what you think, a business (for this purpose at any rate). There can be a grant paid to owners of properties let out as furnished holiday accommodation, on which rates are paid, or would be but for SBRR/RRR. Normal residential lets remain within council tax, the liability of the tenant.

mobilejo

bradders1983 said:

You pay tax on the rental proceeds?

The answer to that makes no difference to the outcome - a residential flat isn't eligible for the business grant, and rental income doesn't contribute to 'self employed' income. Declared or undeclared rental income, the OP isn't eligible for anything.