Setting up 2nd Ltd Company

[SHARPYWAN]

Hi,
I currently lease a 16,000 ft2 unit.
We have built a dividing wall and opened a soft play centre in one side. (receiving 40% RHL rates reduction)
We now plan to open a 2nd business in the other half. (Non RHL).

How will this affect my business rates?
Does the RV simply get halved
and each business be invoiced separately for half each, obviously with soft play side receiving 40% discount.
I assume the other side would get no discount?

Does this all get initiated once the 2nd ltd company is registered on companies house?

thanks

 

[WaveJumper]

Obviously always best to speak to the valuation office in first instance but check link our and scroll down to second property section - might answer your question

Business rates relief

Check if you can get a reduction in your business rates bill with business rates relief and find out how to apply.

www.gov.uk