News & Views - Comment / Blog / Opinion
The latest news, events and insights in the Wales property world
Local and regional operators provide hope to high street
The retail, leisure and hospitality sectors in Wales have faced some of the most challenging business conditions during the last 12 months, with the Covid pandemic, the changing profile of…
Covid-related business rate appeals ruled out, but new £90 million support fund announced for Wales
HM Treasury is to introduce retrospective legislation that effectively rules out business rate appeals based on material change in circumstances (MCC) due to the pandemic. It said it would provide…
Permanent solution needed for commercial rent debt mountain
As we reach another quarter day no resolution is in sight to the problem of Covid related commercial rent arrears. As anticipated, the Welsh and Westminster Governments have announced an…
VOA declines return to negotiating table on Covid business rate appeals
Since the start of the pandemic office buildings have lain largely unoccupied due to government restrictions and many office-based businesses have experienced a drop in profitability. Despite this, these businesses…
Two new business rate linked Covid grants in Wales
The Welsh Government has announced two new non domestic rate (NDR) linked grants to help businesses in non-essential retail sectors. They will operate as a top-up to the Restrictions Business…
Wales extends rates relief holiday for a further 12 months
Welsh Finance Minister Rebecca Evans has confirmed that the business rates holiday for the retail, leisure and hospitality sectors in Wales will be extended for a further 12 months.