AICPC Archived News Article
PRE-BUDGET NEWSFLASH! – EMPTY PROPERTY RATES
The current exemption from empty property rates for 2009/10 for properties with a Rateable Value of below £15,000 is to be extended for one more year, it was announced today. For 2010/11, the RV threshold will be increased to £18,000 to reflect the general increase in rateable values which will result from the 2010 Rating Revaluation.
Andrew Kilpatrick of Thompsons says, “Whilst the Government’s propaganda machine will spin this as a positive change, raising the threshold to reflect the increase in rateable values from the 2010 Rating Revaluation was the least they could do, in my view and in reality there is nothing in the Pre-Budget announcement to help hard pressed property owners and businesses with empty property on their books with the empty property stealth tax, which is just prolonging the effects of the Recession and delaying the recovery of the property market.”
For further information on Empty Property Rates is available as a free download on Thompsons’ website: www.thompsons-cpc.co.ukor by emailing post@thompsons-cpc.co.ukwith Empty Property Rates in the heading.
9/12/09
post@aicpc.co.uk