Small business rate relief

You can get small business rate relief if:

• your property’s rateable value is less than £15,000.
• your business only uses one property - you may still be able to get relief if you use more.

You cannot get small business rate relief and charitable rate relief at the same time. We will decide which type of relief you’re eligible for.

 

What you’ll get

How much small business rate relief you get depends on your property’s rateable value.

You will not pay business rates on a property with a rateable value of £12,000 or less, if that’s the only property your business uses.

For properties with a rateable value of £12,001 to £15,000, the rate of relief will go down gradually from 100% to 0%.

Example

If your rateable value is £13,500, you’ll get 50% off your bill. If your rateable value is £14,000, you’ll get 33% off.

 

If you use more than one property

When you get a second property, you’ll keep getting any existing relief on your main property for 12 months.

You can still get small business rate relief on your main property after this if both the following apply:

• none of your other properties have a rateable value above £2,899
• the total rateable value of all your properties is less than £20,000

 

If you’re a small business but do not qualify for small business rate relief

Your business rates bill is calculated using a ‘multiplier’ - your rateable value is multiplied by this number to get your final bill.

If your property has a rateable value below £51,000, your bill will be calculated using the small business multiplier, which is lower than the standard one. This is the case even if you do not get small business rate relief.

The current multipliers can be found at Business Rates Yearly Multipliers | CastlePoint

 

If you think you meet these criteria and you haven't already applied for small business rate relief, please complete an application form.

Apply for Small Business Rate Relief