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Business Rates on second property
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Webefour
Posts: 1 Newbie
Does anyone know if I can claim business rates relief on a commercial property as a sole trader, when I am claiming business rates relief on another property as a director of a ltd company?
My partner and I own a commercial property which we rent to our Ltd company as a business office (we had to do this as insurers won’t insure owner occupiers!) - the property qualifies for business rates relief.
My partner and I own a commercial property which we rent to our Ltd company as a business office (we had to do this as insurers won’t insure owner occupiers!) - the property qualifies for business rates relief.
My partner has just bought a second commercial property which I will be using as my office (as a sole trader). I could claim business rates relief on this as a sole trader, but as I have my name on the ltd company business rates I could be charged business rates on both properties as together they exceed the sq footage threshold for exemption.
So we own property no.1 jointly and rent it to a ltd company (of which we are directors). He owns property no.2 but will be renting it to me (sole trader).
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Comments
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This question is addressed on page 4:
https://www.sutton.gov.uk/documents/20124/209237/SmallBusinessRateReliefInDetail.pdf/34c3543d-fc5c-7660-1588-6a7f02d0549a
As you, your partner and your company will be separate legal entities, they shouldn't be aggregated0
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