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New empty property rate relief scheme introduced

The Department for Communities and Local Government has introduced a new empty property rate relief scheme for newly built commercial property. Relief will be available for new properties completed after 1 October 2013 and before 30 September 2016 that are unoccupied for the first 18 months after completion of their construction. Under the new scheme, a qualifying property may benefit from an additional 15 months or 12 months of rate relief. Local authorities will have the discretion to grant the relief for properties which meet certain criteria.

The government has confirmed that it is not proposing any amendments to the rules on when property becomes liable for empty rates relief. This is disappointing for those that were hoping for additional relief in relation to empty properties that are being renovated.