Non-Domestic Rates - New Start Scheme
New Start Scheme – from 1st April 2013 an exemption is offered for new build properties which remain empty and are constructed in the next 3 years for a maximum period of 15 months.
New Start Relief is offered for new build properties built in the next 3 financial years beginning 1 April 2013. The relief offered is for a maximum period of 15 months and up to a maximum of 100%.
The relief can be applied if all the following circumstances are met, as the property must be:
- entered onto the valuation roll between 1 April 2013 and 31 March 2016; and
- unoccupied at the time of entry on the valuation roll; and
- a new entry which is not as a result of a combination or division of an existing entry on the valuation roll or due to the refurbishment or change of an existing entry on the valuation roll (including conversion of a domestic property or a property previously exempt from rating).
The exact level of relief awarded will depend on:
a) whether or not the property is eligible for one of the existing rate relief schemes; and
b) the level of other public sector assistance received by your business (see: State Aid below)
Please be aware that for the period New Start is awarded, no other relief can be awarded.
Non Domestic Rates Team