Business Rates Savings Scheme
Empty business space is a costly drain, but it needn’t be with business rates savings…Read on:
Frequently Asked Questions:
If you are a landlord with an empty property, then this page may be of interest with regards to reducing costs whilst helping an established not-for-profit making body, and hence the local community.
I have an empty office building. Can I make savings on my business rates – Hammond Associates offer a tried and tested business rate saving scheme using Charities in occupation of commercial property.
Are there any other advantages ? – Yes, you will save on your insurance premium, inspection and security costs
Is the Hammond scheme legal? – Yes, it is 100% legal, ethical and well-established across the UK
Have any of these charities been set up to just make savings ? – No. The charities who we work with have been in existence for a minimum 20 years.
What does it cost the landlord? – There are no upfront charges. All fees are taken from savings generated. On average you will save between 56% – 70% on your business rates, plus further savings on your void costs.
Does the Charity pay the business rates? – Yes, they pay the rates at the reduced rate after the relevant reliefs have been applied.
Does the Charity pay rent? – They are contractually obliged to pay a peppercorn rent if requested.
If you want to know more about business rates savings give us a call today.
Hammond Associate can help you every step of the way with business rates savings on empty property.