Clarke welcomes rates relief for vacant properties | Latest Newry News, Newry Sport and Newry Business for Newry City

Clarke welcomes rates relief for vacant properties

Newcastle Alliance Councillor Patrick Clarke is encouraging local business owners in Down District to take advantage of the Empty Premises Relief which came into effect on 1st April 2012. Business ratepayers who move into premises which were previously unoccupied for 12 months or more can claim a one year concession, during 2012/13, that will allow 50% empty property relief to continue for a year. Councillor Clarke believes the 50% empty property relief could help people considering going into business to open and locate in empty shop and business units encouraging long term empty premises back into use across Down District.

Speaking to Newry Times, Clarke stated, “I warmly welcome the 50% empty property relief scheme recently announced by the Finance Minister, which will allow business ratepayers who move into unoccupied premises that have been vacant for 12 months or more to claim a one year concession during 2012/2013. Across Down District and many other Council areas towns and high streets have many shops and business units lying empty and boarded up long-term due to the present economic downturn which is not good for any retail area. However, any new business thinking of opening could avail of the 50% concession provided the premises have been vacant for 12 months which I believe could be a very good incentive for people considering going into business.”

“The savings particularly in the first year of trading could be quite significant and I would encourage businesses to receive the 50% relief by submitting an application to Land & Property Services (LPS) with evidence that the property, when last used, was used for retail purposes. The empty premises relief scheme is a great financial incentive for businesses seeking to locate in an empty property over twelve months thereby putting the premises back into use and receiving 50% rates relief.”

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Posted by on May 12 2012. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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