The Non-Domestic Rating (Unoccupied Property) (England) (Amendment) Regulations 2010 (2010 regulations) will come in to force on 1 April 2010. The 2010 regulations provide that for the year 2010/11, empty commercial properties with rateable values of up to £18,000 will be exempt from business rates.
This follows the Government's announcement in the 2009 Pre-Budget Report that the temporary increase in the threshold for empty property relief would be extended for a further year.
The 2010 regulations provide that the threshold will reduce to £2,600 for financial years beginning on and after 1 April 2011.
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