CHANGE OF USE OF PROPERTY FROM FORMER COMMERCIAL (BANK) & RESIDENTIAL USE TO PROPOSED MILLOM ARTS & ENTERPRISE CENTRE INCLUDING DEMOLITION OF EXISTING OUTRIGGER EXTENSIONS & BANK VAULT, REFURBISHMENT & LANDSCAPING AND PROPOSED EXTENSION TO ACCOMMODATE A GROUND FLOOR CAFE
On 1 April 2023, the Valuation Office Agency (VOA) changed the rules of eligibility for self-catering properties and holiday lets.
Although the new eligibility rules came into force on 1 April, for assessment purposes the VOA will use letting information from the previous operating year.
It is the availability and actual letting of self-catering properties property during 2022-23 that will determine whether they are eligible for Business Rates rather than Council Tax.
The new eligibility rules
In England, your property must:
ERECTION OF TWO BUSINESS/INDUSTRIAL BUILDINGS TO PROVIDE FIVE SELF-CONTAINED UNITS (FOR B2, B8 AND CLASSES E(G)(I), E(G)(II) AND E(G)(III)), CAR PARKING, ACCESS AND ASSOCIATED WORKS