I can't find an answer for this anywhere...

If a business property is rated at £10k and we figure out the business rates as such: 
£10,000 (rateable value) x £0.462p (multiplier) = £4,620 (basic business rates) (ignoring any deductible allowances)

If two businesses move in to that property, when allowed by the landlord, and have 50% of the property each, how are the business rates calculated?

Would you divide the business rates for the property by the number of businesses? (£4,620 / 2 = £2,310) £2,310 business rated to be paid by each business.

Or would you take the original rateable value and divide that by 2? (£10,000 / 2 = £5,000 * £0.462p = £2,310) Now £2,310 is under the £6,000 small business allowance, £0 would be paid.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.