Owners of vacant commercial properties set to lose rates exemption
Some vacant commercial building owners in major cities get a 50 per cent reduction while others in rural towns and villages get their entire commercial rates bill written off
The owners of vacant offices, pubs and shops are facing the prospect of higher bills on their properties next year to encourage them to sell them off for housing.
Under the current law, councils cannot charge full commercial rates to the owners of vacant business properties as long as they give a valid reason for why they are lying idle.
Some vacant commercial building owners in major cities get a 50 per cent reduction ...
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