Posted by carol on Jan 30, 2012 in Commercial Property Small Business
Non-Domestic Rates, or Business Rates, collected by local authorities are the way that those who occupy non-domestic property contribute towards the cost of local services. Except in the City of London where special arrangements apply, the rates are pooled by central government and redistributed to local authorities as part of the annual formula grant settlement. The money, together with revenue from council tax payers, revenue support grant provided by the Government and certain other sums, is used to pay for the services provided by your local authority and other local authorities in your area.
Certain classes of business property do not attract NNDR at all. These properties do not appear in the rating list. Examples of these are:
• agricultural land,
• agricultural buildings,
• fish farms,
• fishing rights,
• places of religious worship (including church halls),
• property of trinity house (lighthouses, buoys etc.),
• sewers and property of the drainage authority,
• public parks,
• property used for the sole use of disabled persons, and
• property in enterprise zones