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Business rates: Thousands of businesses go bust whilst waiting for rebates

Thousands of business sites have foundered in while waiting for rebates over property taxes, according to new data.

Business rates: Thousands of businesses go bust whilst waiting for rebates
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Research by real estate advisory firm Altus Group has showed that 3,165 business premises, including offices, factories, shops, pubs and restaurants, entered insolvency whilst they were awaiting the result of a business rates challenge.

Business rates are the property tax levied on firms across the UK and have steadily increased despite property valuations tumbling in recent years.

Read more at City A.M.

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