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Budget 2016: Part 2 - Changes to Business Rates

By Melanie Greer-Walker

Things are moving fast in the commercial property market following the budget on Wednesday, 16th March 2016.

In addition to the changes to SDLT for my business clients that I talked about in yesterday’s blog there are also changes to business rate relief which should benefit some of our local, smaller businesses.

The Chancellor announced he was permanently raising the threshold for small business rate relief from £6,000 to a maximum of £15,000 and increasing higher rate relief from £18,000 to £51,000.

He said that the 600,000 small businesses relieved of paying business rates from next April would see an annual saving of nearly £6,000.

Please, call our commercial team on 0208 7686869 and see how we can help and advise your business.

Melanie Greer-Walker is a specialist commercial property solicitor with over a decade of experience in the City and South London.

Quality Solicitors Amphlett Lissimore is actively involved in the fast moving property market in Crystal Palace, Bromley. Croydon, Beckenham, Orpington and the surrounding areas as well as within Central London.

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