Published: 16th December 2008
Summary
The IRRV's response on the Decapitalisation Rate Consultation has received a response. The CLG said:
"Thanks for your response. Ministers have now decided to retain the existing rates of 3.33% for education, healthcare and defence properties and 5% for all other properties. As proposed at consultation, we will not be changing any of the groupings of properties within each rate.
A formal announcement will follow but this is likely to be after the Christmas recess of Parliament. Therefore, to avoid any delays in the 2010 revaluation we have advised the VOA network of the Minister’s decision. We will not require any legislation to implement this decision as the existing regulations will continue to apply for the 2010 list."
From the CLG
Download
The IRRV's response can be found via the following link: http://www.irrv.net/euclidian/docs/IRRVresponse_DecapitalisationRate2008consultation.pdf (PDF)
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