Guest guest Posted March 24, 2009 Report Share Posted March 24, 2009 Hello, This question might be a bit close to the bone, but I will ask it anyway: does anyone who works from home actually pay business rates? I ask this because I only just found that if you work from home, the part of the property used for work may be liable to business rates, but this depends on the 'frequency and extent of use'. The rateable value is based broadly on the market rent that could be obtained for the area of the home used for business which is then subject to a govt ' multiplier' (normally about 0.5). However, although I can find no actual examples with numbers, it could end up being a sizable cost, which may be difficult to shoulder. The Valuations Office Agency is the govt dept that is responsible for assessing rateable values. Several practitioners I have spoken to say they prefer just to keep their heads low: one has been in practice for 20 years and has never had a problem. best wishes, Guy Waddell Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 25, 2009 Report Share Posted March 25, 2009 Hello Guy, I work from a residential property and was advised to check with the local council as regards to council tax/business tax. I was told by Hackney council that as long as I do not structurally alter the residential premises, I do not need to declare the room I am using for business rates. Other councils may have different rules. Elsa In ukherbal-list , Guy Waddell wrote: > > Hello, > > This question might be a bit close to the bone, but I will ask it > anyway: does anyone who works from home actually pay business rates? > > I ask this because I only just found that if you work from home, the > part of the property used for work may be liable to business rates, > but this depends on the 'frequency and extent of use'. The rateable > value is based broadly on the market rent that could be obtained for > the area of the home used for business which is then subject to a > govt ' multiplier' (normally about 0.5). However, although I can find > no actual examples with numbers, it could end up being a sizable > cost, which may be difficult to shoulder. The Valuations Office > Agency is the govt dept that is responsible for assessing rateable > values. > > Several practitioners I have spoken to say they prefer just to keep > their heads low: one has been in practice for 20 years and has never > had a problem. > > best wishes, > > Guy Waddell > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 28, 2009 Report Share Posted March 28, 2009 Hi, Using the home as a practice also depends on the number of days a year one practices there. In my area it is limited to 120 days a year before business rates become liable. Kind regards, Caroline To: ukherbal-list From: ric.non@... Date: Thu, 26 Mar 2009 12:12:57 +0000 Subject: working from home Dear Guy- when I looked in to it when I first set up - it seemed to depend on whether the room you used had a separate entrance or not. I think if you are using a converted outbuilding you may be liable to business rates, but if it is a shared entrance to a domestic area then not-however, I havn't checked up on it for several years. Kind Regards Non Quote Link to comment Share on other sites More sharing options...
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