Implement Budget 2007 commitment to modernise empty property relief from non-domestic rates with effect from April 2008, in response to the recommendations of the Lyons Inquiry into Local Government and the Barker Review of Land Use Planning.
Reforms aim to enhance the supply of commercial property, reducing rents and improving access for new and existing firms.
The reforms will increase liability for unoccupied properties to the same level as for occupied properties. The complete exemption for industrial, including warehouse, properties will be abolished and replaced with a six-month exemption. The three-month exemption for all other properties will remain in place. Complete exemptions will be awarded to empty properties owned by charities and by Charities and Amateur Sport Clubs (CASCs).
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