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Corsa Sport » Message Board » Off Day » House Day » Commercial Property » Post Reply
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JM_16v |
posted on 2nd Jun 14 at 18:52 |
you can find the rentable value for bussiness rates on any property here | |
jrsteeve |
posted on 29th May 14 at 09:38 |
My bad, clicked on Ian's link rather than yours. Just check the length of the lease in the legal pack. | |
Andrew |
posted on 28th May 14 at 19:43 |
I wouldn't be financing something like this as it's not something i need, just something i'd like. 10k is not a lot of money these days. | |
jrsteeve |
posted on 28th May 14 at 11:23 |
Also think about how you're going to finance it, assuming mortgage? If so it'll need to be a commercial mortgage, average of about £3k in upfront fees, plus rates aren't amazing. Some of the big banks offer them, Barclays etc, there are also brokers who do so too. | |
Ian |
posted on 28th May 14 at 05:32 |
I would imagine you'd get 100% relief with that - it surely must be ratable under £6k which makes it exempt from payment until March 15. Not sure what will happen after that. | |
Gary |
posted on 27th May 14 at 15:59 |
On the same page. Basing rates on rent was confusing me :lol: | |
spencer88 |
posted on 27th May 14 at 15:14 |
quote: That is what I was wording, yes :lol: Basing business rates on rent is easily fiddled, but the rateable value is based upon the rental value at the last antecedent date. But again, that can be altered if the VOA think the circumstances have changed. | |
Gary |
posted on 27th May 14 at 15:11 |
Are you sure the business rates arnt. 0.48 of the rateable value. | |
spencer88 |
posted on 27th May 14 at 10:11 |
Apoligies if confusion caused in my first post wording. The figure payable in elation to RV is 0.48 times the rent. | |
spencer88 |
posted on 27th May 14 at 10:10 |
Funny as that is what we have always used. That's not for small business relief though, that is general commercial premises. | |
Gary |
posted on 26th May 14 at 18:04 |
Pretty sure it's not. | |
spencer88 |
posted on 26th May 14 at 13:50 |
RV is 0.48 times the rent. | |
Gary |
posted on 26th May 14 at 09:51 |
You'd get small business rates relief though | |
AndyKent |
posted on 26th May 14 at 07:17 |
You pay rates which is a tax based upon the rateable value of the premises. You pay it whether it is being let or not. | |
Andrew |
posted on 25th May 14 at 20:49 |
Still got my eye out to purchase a lockup of some sort. Come across an old tyre place. |