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Business Rates

Volume 487: debated on Thursday 12 February 2009

12 To ask the Chancellor of the Exchequer when he next plans to review the liability of property owners for business rates on empty commercial properties. (256293)

In the pre-Budget report, the Government temporarily raised the threshold for exemption from national non-domestic rates on empty properties from £2,200 to £15,000 to take effect from 1 April 2009. As a result, an estimated 70 per cent. of empty properties will be exempt from business rates in the 2009-10 tax year.

Any further decisions on taxation are matters for the Chancellor at Budget.