Small nurseries to benefit from a cut in business rates
According to yesterday’s budget small nurseries are set to see a reduction in business rates. This proposed change will mean that nursery owners who operate from a property with a rateable value of less than £15,000 will receive 100 per cent relief.
This has risen from the current £6,000 threshold, meaning nursery owners will see a new tax break.
Courtney Donaldson, head of childcare at specialist business property adviser Christie & Co, said, ‘We welcome the Chancellor’s announcement in relation to the proposed changes to Business Rates and that the small business rates relief threshold will rise from £6,000 to £15,000.
‘The announcement means that for day nursery owners, those that trade from properties with rateable values of less than £15,000 will receive 100 per cent relief, which means that nursery managers of such settings will not be required to pay business rates.’
4 thoughts on “Cut to nurseries business rates”
When is this from? And how do you get it?
This was mentioned in the Budget 2016
I agree. My R V is £16,500 and I’ll get no relief. Only one Nursery but covers a large area. Would have been good to have had a little something to smile about.
If you have more than 1 “small Nursery” and the total RV of all of them add’s up £ 15,000 you’ve still got to pay the lot , I’ve got 2 and the RV is over £ 50,000 so I’ll get nothing , I think all nursery should be exempt from rates.
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