From 1 April 2018
The Business Growth Accelerator Relief (also known as New and Improved Properties) may be available to ratepayers of new build property and to those expanding or making improvements to an existing property.
The legislation governing this is The Non-Domestic Rates (New and Improved Properties) (Scotland) Regulations 2018.
What does the new rates relief mean?
New Build Properties
If your premises are a new build, entered onto the Valuation Roll from 1 April 2018 onwards, you will pay no rates until the premises are occupied.
Once occupied, the ratepayer will continue to receive full 100% Rates relief for a further 12 months.
Expanded or Improved Premises
Where premises are expanded or improved and the rateable value increases as a result of this, you will not pay this increase for 12 months.
From 2021-22 onwards, Business Growth Accelerator relief for property improvements will be available even where there is an increase in rateable value due in whole or in part to a change in the way the lands and heritages are being used. This means a property that was converted from one type of use to another (eg.office to hotel) may qualify for relief, subject to other eligability creteria.
The Rates for this period will be based on the ratable value prior to any such improvements being made.
Apply for Business Growth Accelerator Relief
If you would like to apply for a reduction in your business rates please download and complete the application form below and return it, with any supporting information, to the address shown on the form.