50% re-occupation relief to cease
Posted on: 17 March 2016
The Government’s Autumn Statement of 2013 introduced a temporary business rate re-occupation relief, granting a 50% discount from business rates for 18 months for new occupants of previously empty retail premises. This came about to help reduce the number of boarded up shops on English high streets. The relief was granted to businesses moving into long-term empty retail properties on or after 1 April 2014 and on or before 31 March 2016.
From 1 April this year, 50% re-occupation relief will no longer be available to business ratepayers. If you claim before 1 April, or are already in receipt of this relief, it will continue for a maximum of 18 months.
For further advice please telephone the Business Rates team on 01884 234328.Posted in: Business & Economy