Government announces that plant nurseries will benefit from business rates exemption
A new bill was introduced into parliament today (Wednesday 23rd May) that will ensure that owners of plant nurseries will continue to benefit from a business rates exemption.
A plant nursery is defined as an establishment where plants or trees are gown in the early stages of their lives and not to be confused with garden centres where plants are displayed and then sold to the public, garden centres will continue to pay business rates following the bill.
For almost 100 years both land and property at plant nursery grounds have avoided paying business rates bills via an agricultural exemption to help support the rural economy.
Since March this year however, following a Court of Appeal decision, the Valuation Office Agency (VOA) begun charging business rates on all properties located at plant nurseries.
In an announcement today, Local Government Minister, Rishi Sunak, said “Plant nurseries are an essential part of the rural economy and it is vital they are protected. This legislation will put a stop to this unreasonable burden on businesses and will help maintain a productive, competitive and sustainable agricultural sector.”
You can read the Non-Domestic (Nursery Grounds) Bill that was published today by clicking here.