Belfast Telegraph

Rates discount deadline for landlords fast approaching

Stormont Executive press releases - Department of Finance and Personnel

Time is running out for landlords who want to benefit from available discounts on their rate bills.

Land & Property Services (LPS) is reminding landlords who have an Article 20 or Article 21 account that their bills should be paid in full by 30 September 2013 in order to receive the respective discount on their bill.

 

There are two types of landlords accounts available. Under the Article 20 account landlords get a 7.5% allowance and under the Article 21 account they get a 12.5% allowance on the total amount of their bill.

 

The allowance is only awarded when a landlord pays in full by the date due on their landlord rate bill. This allowance does not include their residential address, second homes or personal holiday homes.

 

Landlords are advised to allow a minimum of five working days for any payment to reach LPS and 10 working days for any payment made via the Post Office. If LPS does not receive full payment by 30 September 2013 the allowance will not be awarded.

 

LPS are actively pursuing landlords with arrears of rates. LPS is willing to assist anylandlord in arrears by agreeing mutually acceptable payment arrangements that could allow for discount to be awarded for current year rates.

 

Landlords having difficulty paying their rate bill should contact LPS as soon as possible by telephoning 0300 200 7801. It may be possible to discuss alternative payment arrangements to avoid LPS taking legal debt recovery action.

 

For more information on the different types of landlord accounts available visit the nibusiness info website at: [www.nibusinessinfo.co.uk]http://www.nibusinessinfo.co.uk or the nidirect website at: [www.nidirect.gov.uk/rates]http://www.nidirect.gov.uk/rates. Alternatively you can contact the LPS helpline on 0300 200 7801.

 

Notes to editors:

 

1. Landlord status – to qualify for the 7.5% allowance in rates you must meet the following criteria:

have a portfolio of one or more properties that you rent to tenants,

have domestic properties with Capital Values (CV) not exceeding £150,000 and / or business properties with Net Annual Values (NAV) not exceeding £1,590,

pay the full discounted amount by 30 September each year.

 

2. Landlord status – to qualify for the 12.5% allowance in rates you must meet the following criteria:

have a portfolio of one or more properties that you own and rent to tenants,

have accepted rates liability for all properties within the portfolio,

have an Agent Agreement form signed and witnessed by another person of 18 years of age or over - this agreement will remain in force until the 31 March in any year or until the property is sold,

pay the full discounted amount by 30 September each year.

 

3. More detailed information about landlord status can be found on the nidirect website at: http://www.nidirect.gov.uk/rates or on the nibusinessinfo website at http://www.nibusinessinfo.co.uk

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