Small business rate relief (SBRR) is a discount on your Business Rates.
If your property has a rateable value of £12,000 or less, you will not pay any Business Rates. This is known as 100% relief.
For properties with a rateable value between £12,001 and £15,000, the rate of relief will go down gradually from 100% to 0%.
SBRR is only available if you occupy either:
- one property
- one main property and other additional properties, only if the additional properties each have a rateable value of less than £2,900, and the total rateable value of all properties is below £20,000
If you occupy a second property which affects your entitlement to SBRR, you may keep the relief on your existing property for 12 months.
SBRR is not available for unoccupied properties.