Budget 2021 – limited extension of business rates reliefs
In his 2021 Budget, the Chancellor has announced a limited extension to business rates holiday that has been in place since 1 April 2020. Qualifying retail, hospitality and leisure, properties will continue to receive 100% rates relief for the period April to June 2021. From June 2021, relief will continue at 66% for the rest of the 2021-22 rate year, but will be capped at £2 million per business for properties that were required to be closed on 5 January 2021, or £105,000 per business for other eligible properties.
Rating assessment not deleted as works had not commenced
The Upper Tribunal (Lands Chamber) has dismissed an appeal made by a ratepayer seeking deletion of the rating assessment of a property that was to be redeveloped because, at the relevant date, the works to alter and redevelop the property had not commenced and it was still capable of beneficial occupation. The Upper Tribunal’s decision reminds ratepayers and others that it is works that render a property incapable of beneficial occupation, rather than an intention to redevelop, that dictate when a property should be deleted from the rating list. ...Read More
Valuation Tribunal cannot quash a Completion Notice
The Upper Tribunal (Lands Chamber) has allowed an appeal against a decision of the Valuation Tribunal for England that quashed a Completion Notice issued by the London Borough of Newham in respect of a new building in East London. The Upper Tribunal also determined a completion date for the new property. The decision is of particular interest at present as new buildings may be completed, but remain unoccupied because of the effects of the COVID-19 pandemic. ...Read More