If a ratepayer’s sole or main property has a rateable value (RV) which does not exceed a set threshold, the ratepayer may receive a percentage reduction in their rates bill for the property of up to a maximum of 100%.
The level of reduction will depend on the RV of the property. For example:
- eligible properties with an RV below a specified lower threshold will receive 100% relief
- eligible properties above the lower threshold and below a specified upper threshold may receive partial relief
The relevant thresholds for relief are set by the government by order and can be obtained from us or at GOV.UK.
These percentage reductions (reliefs) are usually only available to ratepayers who occupy either:
- one property
- one main property and additional properties that each have an RV which does not exceed the limit set by order*
*The aggregate RV of all the properties must also not exceed an amount set by order.
Businesses that take on an additional property, which would normally have meant the loss of small business rate relief, will be allowed to keep that relief for a fixed additional period.
Full details on the relevant limits in relation to second properties and the current period for which a ratepayer may continue to receive relief after taking on an additional property can be obtained from us or at GOV.UK.
Change in circumstances
Ratepayers who are in receipt of relief will need to notify us of certain changes in circumstances including:
- the property becoming vacant
- the ratepayer taking up occupation of an additional property, or
- an increase in the RV of a property occupied by the ratepayer in an area other than the area of the local authority which granted the relief
Other changes will be picked up by the local authority.