Rates and Rating: Credit Unions

Communities and Local Government written question – answered on 22nd October 2008.

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Photo of Stephen Ladyman Stephen Ladyman Labour, South Thanet

To ask the Secretary of State for Communities and Local Government what discussions she has had on a review of the liability of credit unions for business rates; and what consideration she has given to extending the dispensation currently applied to charities to credit unions and other social enterprises.

Photo of John Healey John Healey Minister of State (Department of Communities and Local Government) (Local Government)

No such discussions have taken place as credit unions and other social enterprises can already qualify for mandatory charity relief if they are specifically established for charitable purposes and use the property in question in the exercise of these purposes. To qualify for discretionary relief the social enterprise must be non-profit making and the property it occupies used for social, philanthropic, educational or religious purposes.

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