My client wants to rent out warehouse space

Rent out warehouse space to reduce the business rates

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Hello. 

My client wants to rent out the warehouse space in order to get the ratable value reduced which will lead to reduced business rate and get SBRR.

The client 100% own the warehouse.

I do not know if the client have to let local authority and VOA know about this?

does the client need a landlord license?

Any answers relating to this will help out a lot. 

Thank you

 

Replies (2)

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By paul.benny
07th Apr 2020 14:12

More of a question for a surveyor than an accountant. Your client may find that the costs of sub-dividing the warehouse exceed the rates saving.

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Scalloway Castle
By scalloway
07th Apr 2020 14:43

In my experience when I tried to do this the rating authority would't accept anything less than a brick wall installed to full building control standards.

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