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Opportunity for commercial property in the budget

The government announced in the budget that England’s retail, leisure and hospitality firms will not pay any business rates in the coming year as part of plans to support the UK economy in the face of the coronavirus outbreak.

This relief will apply to occupied retail properties with a rateable value of less than £51,000 in the year 2020/21.

Advertise the potential tax break in your Rightmove Commercial Listings

Make the most of the government business rate holiday to support business and attract more views of your commercial properties.

Action: Update your commercial listings for properties that you believe might benefit from the tax holiday. Mention the potential of a tax break on relevant commercial listings in any of the following:

• Summary descriptions
• Key features
• Descriptions

While you’re at it: During this time, occupiers and investors may be more reluctant to go to viewings – so it’s even more important that you make sure your listings have as many photographs as possible, along with floorplans. You also have the option of uploading videos or virtual tours to Rightmove. Get your content in the best shape possible:

Get more tips on optimising your commercial listings

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