Kent Solicitors

The Rating (Empty Properties) Act 2007 comes into force on 1 April 2008. Its main effect is to reduce the exemption from empty property rates. Currently, most empty business properties receive 100 per cent relief for the first three months of vacancy, and 50 per cent thereafter. Vacant industrial and listed buildings enjoy 100 per cent relief at all times. From April, there will be a three month rate free period for most non industrial businesses, and a six month rate free period for industrial properties (but fully occupied rates will then become payable).

Labels: Empty Property Relief