UK statutory tax on commercial property occupation.
Tax / regulatory · UK
UK statutory tax on commercial property occupation.
Business rates are levied at approximately 50% of the property's rateable value per year. Payable directly by the tenant to the local authority. Distinct from rent and service charge.
Business rates is part of the tax / regulatory vocabulary that institutional Class A occupiers, landlords, and advisers use across UK markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the UK definition alongside the global standard so cross-border occupiers can translate quickly.