Empty and Run Down Buildings
Ryde Town Council works with the Isle of Wight Council to identify residential properties that have remained empty for a long period of time. The Council will work with the owner, local residents’ the community and other partnerships, to help them to decide on the best option for the empty property.
Please read through the Isle of Wight Council’s Empty Property leaflet for more information on how to look after your empty property, what options you have for your empty property, preventing fraud and tax incentives. To view the Empty Property leaflet click here.
Business Premises Renovation Allowance (BPRA) gives incentives to bring back into business use derelict or business properties that have been unused for at least one year. It gives an allowance of 100% for certain expenditure you incur when converting or renovating unused business premises in a disadvantaged area. Ryde qualifies for this because we have been granted Assisted Area Status.
BPRA started on 11 April 2007 and ends on 31 March 2017 for Corporation Tax and 5 April 2017 for Income Tax. For more details click here.
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