Coronavirus: Estate and lettings agencies exempt from business rates

The announcement comes as many businesses across the UK have been forced to close due to Coronavirus.

Man looking at estate agents window

Estate agents and lettings agencies that have closed as a result of Coronavirus measures to restrict the spread of the virus will be now be exempted from business rates in 2020-21.

This measure comes after the Chancellor announced in the Budget that, in response to the virus, the business rates retail discount would be increased to 100% next year.

The government has announced that some of the exclusions for this relief have been removed, so that properties that have closed as a result of the Coronavirus restriction measures will now be eligible for the relief.

It has been announced that eligible businesses will be rebilled by their local authority and the new bill will give them the discount of 100%.

If businesses have made payments in the meantime, they will be refunded by their local authority.

Chancellor Rishi Sunak said: “We are determined to do whatever it takes to support businesses during Covid-19, which is why we have extended business rates relief for the high street.

“I am removing some the exclusions for this relief, so that retail, leisure, and hospitality properties that have closed as a result of the measures announced by the Prime Minister in his statement on Monday (30th March) will now be eligible for the relief.

“This will ensure that estate agents, lettings agencies and bingo halls that are required to close will not pay any business rates next year.”

As reported by 24housing, hotels, hostels and B&Bs to remain open for homeless during Coronavirus outbreak – with MHCLG confirming despite reports of some hotels kicking those who are homeless out of hotels, they are not affected by the government’s lockdown call.

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