Full business rates are due on empty commercial properties that remain unoccupied after three months, six months in the case of industrial properties. However, charities occupying commercial property qualify for a mandatory 80% discount on business rates, provided the property is used wholly or mainly for charitable purposes. Local authorities also have the discretion to…
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The Government has delivered another blow to the struggling economy by postponing the 2015 rates revaluation until 2017. The effect of this will mean all businesses will continue to pay businesses rates based on “top of the market 2008 rents” for a further two years. The planned 2015 revaluation would have meant Business Rates being…
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