Business Rates

Part of Delegated Legislation – in the House of Commons at 4:46 pm on 2nd April 2019.

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Photo of Dr Caroline Johnson Dr Caroline Johnson Conservative, Sleaford and North Hykeham 4:46 pm, 2nd April 2019

My hon. Friend has spoken about the high street and perhaps, in some respects, the high street may need to change from being entirely retail to a place where people can meet and be entertained. One issue limiting such change is that many small business premises on our high streets are owned by self-invested personal pension schemes. As such, they need to remain commercial property to remain in those pension schemes. Will my hon. Friend or the Minister comment on whether properties that change from commercial to residential, in line with a slightly shrinking high street, may be able to stay within those pension schemes for a period so that such change is not hampered by the SIPP rules?