Government Moves to Shut Damage Loophole

Summary


Landlords of commercial property tempted to damage their own empty properties to avoid paying business rates are being warned that their actions could backfire.

Owners of empty industrial properties have enjoyed 100 per cent rates relief but from April 1, this will be scrapped once the property has been empty for six months.

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Extract


Government Moves to Shut Damage Loophole

For shops and offices, the period of grace is three months.

The change has been greeted with dismay by commercial prope...

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