Completion Notices for Business Properties
Unoccupied Property Rates
While they remain unoccupied, newly constructed properties and those created by conversion, are exempt from paying Business Rates for a specified period of time. The exemption will last in the main for three months, but in the case of qualifying industrial properties, for six months.
After that, unless the property attracts a further exemption (for example, the rateable value is below the empty rates threshold) a 100% empty charge will apply.