Small Business Rates Relief

In recent months we have seen an increase in inspections from the Valuation Office Agency, looking into non-domestic business rates payable on equine facilities and renewable energy facilities. This can include farms with non-agricultural areas such as stabling, unless they are in close proximity to the house forming part of the domestic curtilage.

Don’t forget that the small business rates relief is available to businesses with a rateable value of less than £12,000. You have to claim the exemption by logging in through your local council’s website.

If you have a larger renewable energy facility and use some of the power yourself you may need to set up a special purpose vehicle so that the energy is produced by one entity and sold to another.

Written by Margaret Scarrott FCCA BIAC

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