PARLIAMENTARY WRITTEN QUESTION
Empty Property: Business Rates (12 April 2021)

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of extending empty property business rates relief on properties that remain empty due to the covid-19 outbreak.

Asked by:
Marsha De Cordova (Labour)

The Government maintains an Empty Property Relief (EPR) to support property owners ahead of the reoccupation of vacated premises.

Under EPR, owners of retail properties do not normally have to pay business rates on newly vacated buildings for three months.

The Budget announced a three-month extension to the business rates holiday for eligible businesses in the retail, hospitality and leisure sectors that was provided at Budget 2020. From 1 July 2021, 66% relief will be available subject to a cash cap that depends on whether businesses have been required to close or were able to open.

Properties which have closed temporarily due to the Government’s advice on COVID-19 should be treated as occupied for the purposes of the business rates holiday for retail, hospitality and leisure properties.

Answered by:
Jesse Norman (Conservative)
20 April 2021