Pre-Budget Report 2008 - Empty property relief
The Chancellor has given a one year relief with the aim of helping smaller businesses manage short term pressures in the property market.
For Finance Year 2009/10, empty business properties with a rateable value of less than £15,000 will be exempt from business rates .
This is expected to apply to 70% of empty business properties.
Date: 25th November, 2008
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