Get a 7.5 per cent allowance on rates for rental propertiesIf you are responsible for rates on one or more rental properties, you may be entitled to a 7.5 per cent allowance on rates. This is known as 'landlord' status. How to qualify for the 7.5 per cent allowance in ratesTo qualify, you must meet the following criteria as set out in Article 20 of the Rates (Northern Ireland) Order 2006:
How to applyIf you feel that you meet all the necessary criteria you can apply to LPS. You must complete and return the relevant form to LPS. You can download the form by clicking on the link below: You can also call LPS landlords section who can deal directly with your request or issue you with a form. Contact details for LPS are at the bottom of the page. Successful applicationsIf you meet the qualifying criteria, you will be granted landlord status. LPS will then:
Rejected applicationsIf you do not meet the qualifying criteria, LPS will contact you to let you know. If LPS needs more information, they will contact you directly. How to add another property to an existing rate billIf you wish to add another rental property to your portfolio, you can complete and return the relevant form to LPS. You can download the form by clicking on the link below: You can also contact the landlords team who can deal with your request directly. Contact details for LPS landlords section are at the bottom of the page. What happens if you add a new property after 30 September?If you add another property to your portfolio after the 30 September, you will be issued with a bill for this individual property. To avail of the 7.5 per cent allowance, payment must be received by LPS by the date quoted on the bill, which will be one month from the date the bill was issued. If payment is not received by this time the allowance will not be awarded Vacant propertiesIf one of your rental properties becomes vacant, you may not have to pay rates on this property. A property is considered vacant if it is entirely unfurnished. It must contain no furniture whatsoever. Therefore, if a property contains a single chair or a single table it will be considered furnished and this exemption will not apply. If you wish to claim exemption from rates on a vacant property, you must complete and return the relevant form to LPS. You can download the form by clicking on the link below: You can also contact the landlords team who can issue a form to you. All vacancy applications must have a form completed. Contact details for LPS landlords section are at the bottom of the page. You must continue to the pay the rates for the property until the property has been verified as being vacant. You will need to complete and return an application form and an inspection of the property may be carried out. If a vacancy is granted you may be entitled to a refund on any overpayment made for the property. Change of ownershipIf the ownership of one of your properties changes you must provide written details of the new owner to LPS. Please send this to: LPS - Central Landlords Team You can also contact the landlords team who can deal with your query directly. Contact details for LPS landlords section are at the bottom of the page. You should do this immediately otherwise you will continue to receive a rate bill for this property. Providing proof of change of ownershipYou must provide a copy of the solicitor’s letter showing the following:
How to pay your rate billFor full details on how you can pay your landlord’s rate account, please click on the link below: How to pay your rate account for rental properties Contact details for landlords section
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