Empty homes
Empty properties are a wasted resource. They cost money to tax and maintain and represent a considerable amount of lost rental income. There are various schemes and grants available to owners of empty properties to encourage them to return these properties to use.
Short life housing
If you have a property that is awaiting development or investment you might want to consider short life as an alternative way of using the property. This will provide tenants to occupy the property for a short length of time, not less than six months. It will also guarantee vacant possession at short notice. Short life tenants in a property:
- deter squatters and vandalism
- undertake basic repairs and maintenance to ensure that the fabric of the building remains intact
VAT reductions
If your property has been empty for two years or over you will be able to claim a VAT reduction on the cost of refurbishment. VAT will be charged at a rate of five per cent instead of 20 per cent. HM Customs and Excise will accept a letter from an empty property officer as proof that the property has been empty for the requisite amount of time.
Flats over shops
This scheme enables property owners and occupiers to claim up-front tax relief on the renovation or conversion of vacant or underused space above shops and commercial premises to provide flats for rent. Tax relief can be claimed on the whole of the capital spend. For further details contact our Environmental Health Line, telephone 020 7361 3002.
Empty Homes Agency
The Empty Homes Agency is an independent campaigning charity which exists to highlight the waste of empty property in England. It works with others to devise and promote sustainable solutions to bring empty property back into use.
For further information about the issue of empty homes in London and the UK please visit the Empty Homes Agency website.
Contact us
Grants and Empty Properties - contact Environmental Health
Telephone 020 7361 3002
email: [email protected]