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Small Business Rates Relief

Hi all, I wonder if you can help, I am changing direction of my business meaning my offices (that are owned) are no longer suitable.  I have now rented these out to another business while I am trying to find suitable new premises to rent for myself.  
I cannot afford to pay the government for the privilege of having somewhere to work so I've been looking for somewher preferably with a rateable value under £12k, which is proving difficult, or at least below £13,500 so on the sliding scale, I do not have to pay too much when taking into account SBRR.
However, talking to a commercial agent, they said they are not sure if I will be eligible for SBRR anyway as I own another property, even though I am not using it for my business. I can't find any info on government websites and trying to get hold of anyone in the local council that can help hasn't happened.
Can anyone tell me how it works, please?  
The property that my business owns but rents out has a rateable value of £10,250.00 if that makes any difference?
Thanks in adavnce. 

Comments

  • MyRealNameToo
    MyRealNameToo Posts: 1,082 Forumite
    1,000 Posts Name Dropper
    Presumably you've made your tenant liable for the business rates in your contract with them?
  • lincroft1710
    lincroft1710 Posts: 18,979 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 29 August at 3:34PM
    As I understand it, it is the property or properties that are connected to your business which is/are relevant. So if you are renting out the offices, this is somebody else's business and usually the tenant would be responsible for any rates due.


    As an aside rates have been payable on commercial property since the 19th century (or possibly earlier) SBRR is an extremely recent innovation which could easily be removed.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • Bungle2113
    Bungle2113 Posts: 3 Newbie
    First Post
    Presumably you've made your tenant liable for the business rates in your contract with them?
    Yes, that is correct 
  • Bungle2113
    Bungle2113 Posts: 3 Newbie
    First Post
    As I understand it, it is the property or properties that are connected to your business which is/are relevant. So if you are renting out the offices, this is somebody else's business and usually the tenant would be responsible for any rates due.


    As an aside rates have been payable on commercial property since the 19th century (or possibly earlier) SBRR is an extremely recent innovation which could easily be removed.
    So are you thinking this could be yet another thing that this Labour government will look to change? 

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