Small business rates relief discount
You can apply for small business rate relief if:
- You have only one property with a rateable value of £15,000 or less
- You have a main property plus additional properties (each with an individual rateable value of less than £2,900) with the combined rateable value less than £20,000
- You are not receiving another mandatory relief.
You won’t pay business rates on properties with a rateable value of £12,000 or less if this is your only business. The rate of relief gradually decreases for properties with a rateable value between £12,001 and £15,000.
Even if you don’t qualify for small business rate relief, and your property has a rateable value below £51,000, you will still have the bill for your main property calculated using the lower rate multiplier.