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Non-domestic Rates: Banks

Volume 501: debated on Thursday 26 November 2009

To ask the Secretary of State for Communities and Local Government how much was paid in empty property rates on properties owned by banks with shares managed by UK Financial Investments Ltd. in (a) 2008-09 and (b) 2009-10. (301723)

The information is not collected by the Department for Communities and Local Government. However, we have granted all empty properties with rateable values of up to £15,000 eligibility for full relief from business rates in 2009-10. As 70 per cent. of all properties fall below this threshold this temporary relief is providing real help to ratepayers trying to manage short-term pressures in a difficult property market.