A business property is any kind of property that is used to run a business. Whether it is a property that is used to house a shop, a block of offices or a room in your home where you run a small business, this will be classed as your business premises. It is so important that your business is registered properly.
Most businesses will have to pay business rates, a special type of tax for running a business. There will usually be business rates relief for smaller businesses and new businesses, so make sure you check what you owe. You will have obligations depending on the kind of business you run as well, so you must make sure your property is fully licensed and set up to deal with the type of business you have. This is especially true if you have a shop, restaurant or cafe and you sell alcohol on the premises.