The holiday offers 100% relief on business rates up to £6000, with progressively smaller rebates on amounts up to a cap of £12,000.
The Chancellor says that this will mean a third of all shops will have no business rates liability until April 2013.
Liz Peace, chief executive of the British Property Federation, said: "While it is very welcome that small businesses and particularly retailers can be helped in this way it is disappointing that this has not been extended to those businesses and landlords who own empty shops, or indeed other business premises.
"Taxing empty property continues to suck investment out of our towns and cities."
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