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Property industry hits back at business rates "madness"

Large businesses could see their rates bill soar by as much as 45% next year under government proposals for a transitional relief scheme to help firms cope with a shake-up of business rates next April.
By Kasmira Jefford
September 29, 2016 | 6:09 P.M.

The plans, which were published yesterday ahead of a full draft of the new rates being released tomorrow, would cap transitional relief for small property owners - those with a rateable value of less than £28,000 in Greater London and £20,000 elsewhere to 5%.

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News | Property industry hits back at business rates "madness"