- Secured from squatting, theft, vandalism
- Avoids costly delays to major projects
- Allows client to focus on core business
- Cost effective
- Free key-holding
- Escorted property access
- Low insurance premiums occupied property
Empty Property Rates
Empty Property Rates Mitigation
Reduce your Empty Property Rates liability with Property Guardians
Empty Property Rates are a tax on the occupation of non-domestic property, which must be paid on most commercial properties including shops, offices, pubs and warehouses. A business rates bill is sent out by the relevant local authority in February or March of each year for the following tax year.
Since 1 April 1990, a rating list for each local authority has been compiled every five years, under which properties are assessed and a rateable value calculated. The rating lists are created and maintained by the Valuation Office Agency (VOA). The rateable value is an estimate of the annual rent that would be paid for the property at a fixed date two years prior to the beginning of the list. These lists can be altered subsequently, either to reflect changes in the property or if a valuation is appealed against.
The current list came into force on 1 April 2010. Although new rating lists are normally created every five years, the next revaluation is not due to take place until 2017.
Empty Property Rates reassessed to Council Tax
Empty Property Rates are a major outgoing with billions being paid each year. With this in mind, owners of vacant commercial property across the UK are increasingly turning to Camelot’s Property Guardians to occupy and secure their assets prior to sale or development. While buildings lie idle, Property guardians move in., mitigating these costs and in addition providing a cost-effective security solution.
- No financial outlay, fees are based on a small percentage of the Business rates savings
- Property efficiently and cost-effectively secured
- Business rates liability removed from areas occupied by Property Guardians
To find out more contact one of our vacant property specialists today