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Glossary of Business Terms

Business Rate Relief

Where a property is used wholly or mainly for charitable purposes, or the organisation occupying it is established for charitable purposes only, there is an automatic right for an 80% reduction on the rates bill. Application needs to be made to the Local Authority to receive the reduction, however.

Additional discounts may be made by a Local Authority, but on a case by case basis.

(Information correct at publication, October 2005)

See also Rateable Value, Business Rate Relief, Rate Multiplier


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