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Proceeding contribution from Lord Bates (Conservative) in the House of Lords on Monday, 18 May 2009. It occurred during Debate on bill and Committee proceeding on Business Rate Supplements Bill.

Business Rate Supplements Bill

The Minister said that the idea of empty property relief was to get owners of properties to re-let the properties rather than let them stand empty. Surely she would acknowledge that in the present economic climate that is not an option. The idea that it is not applicable for businesses with a rateable value of over £50,000 does not stand if the test is the ability to re-let. I am sure the owner of Lingfield Point in Darlington would love to have no empty properties whatever within his facility, but he just cannot help it. These businesses are stopping trading or going into receivership and therefore the rules designed in 2007 simply do not apply in the current environment, nor probably for the foreseeable future.

Secondary information

Type
Proceeding contribution
Reference
710 c546GC 
Session
2008-09
Chamber / Committee
House of Lords Grand Committee
Subjects
Companies Ballots Administration Costs Business Corporation tax Elizabeth line Billing Greater London Information Greater London Authority Infrastructure Exemptions Leasehold Internet Local government Ownership Local government finance Ports Public consultation Rates and rating Property Business rates Partnerships Transport Small businesses Tax allowances Valuation Surcharges Tax collection Tenants Business improvement districts
Legislation
Business Rate Supplements Bill 2008-09
Non-domestic Rating (Alteration of Lists and Appeals) (England) Regulations 2005
Link
View this Proceeding contribution on www.publications.parliament.uk