Business Growth Accelerator Relief
You may be able to qualify for Business Growth Accelerator Relief if
- your premises are a new build property
- your rateable value has increased following an expansion or improvement to your property
New build premises
If your property is a new build, you may not have to pay Business Rates until 12 months after the building was completed.
New build properties are only charged from the date they are occupied. New occupants may then qualify for Business Growth Accelerator Relief for 12 months.
If your property is a new build, and unoccupied, you may be entitled to rates relief for up to three years.
Expanding or making improvements to your property
If you have expanded or improved your property, and your rateable value has increased as a result of those changes, your Business Rates charge may be based on your old rateable value for 12 months.