Thanks to a little-known part of the regulations, we can apply for a reduction in your bill thanks to your unused space. 

Whether it’s vacant offices due to flexible working, or an inefficient spacing of racking in the warehouse, there’s an opportunity to lower your bill and even get a tax rebate. With the Rates increases that hit this sector particularly hard last April, we’re leaving no stone unturned to proactively make savings for our clients.

For example, if you’ve really spaced out your racking to use up the whole footprint of the warehouse but you don’t actually need all that space, simply moving the stock on to fewer racks and leaving a section empty could be enough for us to apply for this ‘discretionary relief’.

How does it work?

We would make the case to your local council, supported with evidence, that you’re not using all of your premises as a result of your circumstances. They could then remove that space from your rates assessment for up to 6 months per tax year, resulting in a substantial saving for this tax year.

Who is it for?

This is a terrific solution for businesses managing change. Whether it’s renovations leading to partial closures of your warehouse, or supply chain issues meaning you don’t actually need as much space as you did 3 years ago, these temporary reductions can help you through challenging times.

What can I expect from this service?

  • No risk involved – like all our appeals, we do this on a ‘no win no fee’ basis.
  • Cash back into the business The average saving we’ve achieved with this method is between £3,000 – £4,000.
  • Quick resolution – An appeal for this kind of reduction is usually concluded in 3 months, much faster than the typical 12-18 months of a full revaluation application.

What do I do now?

The first thing to do is click on the link below and head over to our more in-depth look at Partly Occupied Relief, including information about the criteria and the application process (don’t worry, we’ll be taking care of that!). There’s even a self assessment form to give you an idea of whether you’ll be eligible or not.

Of course, CPA is always a phone call away, so if you’d prefer to speak to us first we’ll be happy to help.

Source: commercial property advisors