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empty busines property

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xmasvon | 21:32 Wed 21st Jan 2009 | Law
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what rates are due
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Quote:
"If a property is empty, the owner or leaseholder will usually still pay rates after a period of exemption has elapsed. The period of exemption covers the first three months that the property is empty. For warehouses and industrial property, the exemption period is extended to six months".

Source:
http://www.voa.gov.uk/publications/public_fact _sheets/business_rates_an_intro.html

Chris
In my experience, rates are usually charged at 50% of normal level if the property is empty after the full exemption period expires.

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