Covid 19 - Business Rate Relief

24 March 2020

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With homeworking now prevalent in many industries I write to recommend you contact your local authority, preferably in writing, notifying them of the date from which you vacated your building in order to undertake safe homeworking.

From the date the building becomes vacant you will enjoy exemption from empty property rate : 3 months for offices and shops and 6 months for factories and warehouses.

When contacting the local authority please quote your rate account number.

Should you have any questions or require any business rates advice please contact my colleague Charlie Dyer: charlie.dyer@coark.com or 02920 346 310.

Kind regards

Andrew West

Director – Business Rates

The disposal of 120,000 square feet on the Heads of the Valleys Industrial Estate was a particularly satisfying task. The building had been rebuilt following fire damage, and Jeremy Symons and his team were successful in identifying a nearby purchaser looking to expand. The sale price, at £4,000,000, represented a record sale price for a property of this nature in the area, and with great tenacity and endeavour was completed in a timely fashion. An excellent result.

Richard Hayward, Richard Hayward Properties