{"id":425,"date":"2008-09-09T11:07:57","date_gmt":"2008-09-09T10:07:57","guid":{"rendered":"http:\/\/blog.easyoffices.com\/?p=425"},"modified":"2008-09-09T11:07:57","modified_gmt":"2008-09-09T10:07:57","slug":"commercial-office-space-in-wales-under-threat-from-new-tax-legislation","status":"publish","type":"post","link":"https:\/\/www.easyoffices.com\/blog\/work-environment\/commercial-office-space-in-wales-under-threat-from-new-tax-legislation","title":{"rendered":"Commercial Office Space in Wales Under Threat from New Tax Legislation"},"content":{"rendered":"<p>Further speculative development in <a title=\"Cardiff Serviced Offices\" href=\"http:\/\/www.easyoffices.com\/Serviced-Offices\/uk\/Cardiff\" target=\"_blank\">Wales<\/a> is under serious threat from the new empty properties tax as the Welsh Property Industry pleads with the <a title=\"Welsh Assembly Home Page\" href=\"http:\/\/new.wales.gov.uk\/?lang=en\" target=\"_blank\">Welsh Assembly<\/a> to opt out of joining the new legislation alongside England. \u00a0Under the new legislation the Assembly could charge Commercial Property operators an empty property rate of up to 50% if their Office Space is left\u00a0vacant creating a huge financial burden which will hit providers during the economy&#8217;s current hostile period.<\/p>\n<p>The new taxes stand to have a damning impact on further development in Wales where property magazine <em><a title=\"Property Week Home Page\" href=\"http:\/\/www.propertyweek.com\/\" target=\"_blank\">Property Week<\/a><\/em> have reported that Welsh developers<em> Bailey Group<\/em> are paying nearly &#126;114,000 of empty rates just on one speculative office property scheme in Bridgend!\u00a0<\/p>\n<p>In defence of the decision the Welsh Assembly have said that if they do not find an alternative way of meeting the costs other budgets will have to be cut, potentially affecting such areas as Health and Education.<\/p>\n<p><a href=\"http:\/\/www.easyoffices.com\/blog\/wp-content\/uploads\/s_0908regusmagor.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-426\" title=\"s_0908regusmagor\" src=\"http:\/\/www.easyoffices.com\/blog\/wp-content\/uploads\/s_0908regusmagor-150x145.jpg\" alt=\"\" width=\"150\" height=\"145\" \/><\/a>Should the legislation be implemented <a title=\"Cardiff Serviced Offices\" href=\"http:\/\/www.easyoffices.com\/Serviced-Offices\/uk\/Cardiff\" target=\"_blank\">South Wales<\/a> providers can at least pin hopes on the 2010 <a title=\"Ryder Cup Home Page\" href=\"http:\/\/www.rydercup.com\/2008\/index.html\" target=\"_blank\">Ryder Cup<\/a> to bring in new clients to the area.\u00a0 However, as sighted in our article &#8220;<a title=\"Link to Serviced Offices Article\" href=\"http:\/\/www.easyoffices.com\/blog\/index.php\/south-wales-offices-thriving-despite-credit-crunch\/66\/\" target=\"_blank\">South Wales Offices Thriving Despite Credit Crunch<\/a>&#8220;, the impending opening of the new Regus Plc property at the Wales One Business Park development in <a title=\"Serviced Offices Magor\" href=\"http:\/\/www.easyoffices.com\/serviced-offices\/uk\/Magor\/Wales-One-Business-Park\/19218\" target=\"_blank\">Magor<\/a> will bring in further square footage to be filled in the area as competition continues to increase.<\/p>\n<p>For further information on Serviced Offices to rent in South Wales please <a title=\"South Wales Serviced Offices\" href=\"http:\/\/www.easyoffices.com\/Serviced-Offices\/uk\/Cardiff\" target=\"_blank\">click here<\/a> to view our entire portfolio or call our main sales team on <strong>0800 085 5050<\/strong> for pricing and availability and to arrange a viewing today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Further speculative development in Wales is under serious threat from the new empty properties tax as the Welsh Property Industry pleads with the Welsh Assembly to opt out of joining the new legislation alongside England. \u00a0Under the new legislation the Assembly could charge Commercial Property operators an empty property rate &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/www.easyoffices.com\/blog\/work-environment\/commercial-office-space-in-wales-under-threat-from-new-tax-legislation\"> <span class=\"screen-reader-text\">Commercial Office Space in Wales Under Threat from New Tax Legislation<\/span> Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[9],"tags":[1999,3022,3140,3215,3359],"class_list":["post-425","post","type-post","status-publish","format-standard","hentry","category-work-environment","tag-regus","tag-south-wales","tag-tax-legislation","tag-the-welsh-assembly","tag-wales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Commercial Office Space in Wales Under Threat from New Tax Legislation - EasyOffices Blog UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.easyoffices.com\/blog\/work-environment\/commercial-office-space-in-wales-under-threat-from-new-tax-legislation\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Commercial Office Space in Wales Under Threat from New Tax Legislation - EasyOffices Blog UK\" \/>\n<meta name=\"twitter:description\" content=\"Further speculative development in Wales is under serious threat from the new empty properties tax as the Welsh Property Industry pleads with the Welsh Assembly to opt out of joining the new legislation alongside England. \u00a0Under the new legislation the Assembly could charge Commercial Property operators an empty property rate &hellip; Commercial Office Space in Wales Under Threat from New Tax Legislation Read More\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.easyoffices.com\/blog\/wp-content\/uploads\/s_0908regusmagor-150x145.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"bojangacanovic@gmail.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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speculative development in Wales is under serious threat from the new empty properties tax as the Welsh Property Industry pleads with the Welsh Assembly to opt out of joining the new legislation alongside England. \u00a0Under the new legislation the Assembly could charge Commercial Property operators an empty property rate &hellip; Commercial Office Space 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