Take Aways from the October 2024 Budget
- The Government announced a reduction for 2025/26 of the 2024/25 level of rates relief granted to Retail, Hospitality and Leisure (RHL) properties from 75% to 40% in England, with the relief cap per business or group remaining at the current £110,000. This will affect small businesses with low numbers of qualifying properties who will see their relief almost halved in many cases. Mid-size and large companies will simply spread the same capped relief across more