This report is a summary of a very recent decision where the law relating to business rate relief during redevelopment has been clarified - to confirm that rates are not payable if the building is rendered incapable of beneficial occupation. Suddenly it's clear.
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Rates on redevelopment
Upper Tribunal clarifies law on rating of buildings undergoing redevelopment
After a prolonged and delayed legislative gestation period new developments in England will now have to provide a 10% net gain in...