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Taxopedia  ›  B  ›  Business rates
B · Glossary

Business rates

A property tax on most non-domestic properties (shops, offices, warehouses).

Business rates are charged on most non-domestic properties — shops, offices, factories, warehouses. Calculated as the property's rateable value × the multiplier (49.9p small business, 51.2p standard for 2024/25).

Small Business Rate Relief gives 100% relief on properties under £12k rateable value, tapered up to £15k. Most home offices are exempt.

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