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12 June 2020
This article outlines the real estate-related financial support available to businesses in Guernsey that have been adversely affected by measures introduced to manage the spread of COVID-19.(1)
To assist with cash flow in the short term, businesses can apply to defer tax on real property (TRP) payments until July 2020.
This option is available to businesses which are suffering financial difficulty as a result of the COVID-19 pandemic.
How to apply
Requests to defer TRP will be treated on a case-by-case basis. Requests should be emailed to 'firstname.lastname@example.org' using the subject line "TRP Deferral" and should include reasons for the request. Someone will respond to emailed requests as soon as possible.(2)
Rent for Q1 and Q2 may be deferred until after 30 June 2020 where the government, or a government-owned company, is a landlord for a local business. This covers business rents only and not residential property rents.
This option is available for business tenants which are suffering financial difficulties as a result of the COVID-19 pandemic.
How to apply
Requests for rent deferral will be treated on a case-by-case basis. Requests should be emailed to 'email@example.com' using the subject line "Rent Deferral" and should include reasons for the request. Someone will respond to emailed requests as soon as possible.(3)
For further information on this topic please contact Rachel Richardson, Mathew Newman or Charlotte Ward at Ogier by telephone (+441481 721 672) or email (firstname.lastname@example.org, email@example.com or firstname.lastname@example.org). The Ogier website can be accessed at www.ogier.com.
(1) This article focuses on the support available to businesses with regard to real estate. For information on all available support, please see "COVID-19: government financial support for businesses".
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