Retail Hospitality and Leisure Relief 2024
How are the cash caps calculated?
Under the cash cap, no ratepayer can in any circumstances exceed the £110,000 cash cap across all their properties in England.
Where a ratepayer has a qualifying connection with another ratepayer then those ratepayers should be considered as one ratepayer for the purposes of the cash caps. A ratepayer shall be treated as having a qualifying connection with another:
- where both ratepayers are companies, and
- one is a subsidiary of the other, or
- both are subsidiaries of the same company; or
- where only one ratepayer is a company, the other ratepayer (the "second ratepayer") has such an interest in that company as would, if the second ratepayer were a company, result in its being the holding company of the other.