Listed buildings are often cherished for their historical significance and architectural beauty These buildings are protected by law, meaning any alterations or changes must be approved by the local planning authority While owning a listed building can be a unique and rewarding experience, it also comes with its challenges, including dealing with empty rates.
Empty rates, also known as business rates, are taxes paid on non-residential properties that are empty for an extended period of time The idea behind these rates is to encourage property owners to bring their buildings back into use, thereby stimulating economic activity and preventing properties from falling into disrepair.
However, when it comes to listed buildings, the situation can become more complicated Listed buildings often require extensive and costly maintenance and repairs, which can make it difficult for owners to redevelop or bring them back into use quickly This can lead to owners being faced with hefty empty rates bills, adding to the financial burden of owning a listed building.
So, how can owners of listed buildings navigate empty rates and mitigate the financial impact? Here are some key considerations to keep in mind:
1 Historic England Relief
Historic England offers relief on empty rates for buildings that are being repaired or undergoing structural alterations Owners can apply for this relief through their local council, providing evidence of the work being carried out and the expected completion date This can provide some relief from the burden of empty rates while essential repairs are being made to the listed building.
2 Business Rates Hardship Relief
For owners who are facing financial hardship due to empty rates on their listed building, they may be eligible for business rates hardship relief This relief is granted at the discretion of the local council and is intended to provide temporary relief for property owners who are struggling to pay their rates Owners must demonstrate that they are experiencing financial hardship and provide evidence to support their claim.
3 Temporary Use
Another option for owners of listed buildings facing empty rates is to consider temporary uses for the property empty rates listed buildings. While the long-term goal may be to restore the building to its original use, temporary uses such as hosting events, pop-up shops, or temporary office space can generate income and help offset the cost of empty rates Owners should check with their local council to ensure they have the necessary permissions for their proposed temporary use.
4 Renting Out
Renting out a listed building, even on a temporary basis, can be another way to generate income and avoid empty rates Owners can consider leasing the property to a business, organization, or individual looking for unique office space or a retail location By renting out the building, owners can generate income while also ensuring the property remains in use and well-maintained.
5 Appeal the Rateable Value
Property owners have the right to appeal the rateable value of their listed building, which is used to calculate empty rates If owners believe the rateable value is inaccurate or unfairly high, they can submit an appeal to the Valuation Office Agency A successful appeal could result in a lower rateable value and reduced empty rates bills for the property owner.
6 Seek Professional Advice
Dealing with empty rates for listed buildings can be complex, and property owners may benefit from seeking professional advice from a chartered surveyor or property consultant These professionals can provide guidance on navigating empty rates, applying for relief, appealing rateable values, and finding alternative solutions to mitigate the financial impact of empty rates on listed buildings.
In conclusion, owning a listed building can be a rewarding but challenging experience, particularly when it comes to dealing with empty rates By exploring relief options, considering temporary uses, renting out the property, appealing rateable values, and seeking professional advice, owners of listed buildings can navigate empty rates more effectively and mitigate the financial impact on their historic properties With careful planning and proactive measures, owners can preserve and protect their listed buildings while also managing the financial obligations that come with them.