For new entry or new build properties, relief is available for properties that have been entered on the valuation roll on or after 1 April 2018.
Such properties will receive 100% relief whilst vacant, with a further 100% relief continuing for 12 months following first occupation. This will not apply where one or more buildings, or parts of a building, forming part of the new entry were shown in any entry on the roll on the day immediately prior to the day the new entry takes effect.
Improved properties relief is available for existing properties that have had their rateable value increased on or after 1 April 2018 as a result of improvements, such as refurbishment or expansion to, or the erection of one or more buildings to, or by the change of use of, the existing lands and heritages.
However, this excludes increases caused by the combination, division or reorganisation of lands and heritages shown in a different entry in the Roll on the day before the change takes effect.
This relief will apply for 12 months from the date of increase, regardless of whether the property is vacant or occupied.
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