Empty Property Tax

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Property Tax May Harm Regional Development

Leading commercial property consultancy Knight Frank has warned the Chancellor’s decision to retain a “draconian tax” on empty properties could discourage redevelopment in Yorkshire. Announcing this year’s budget, Alistair Darling chose not to enact the 50 per cent relief for vacant properties that was possible under the Empty Property Act. …

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Empty Property Rates Extension A Remarkable Result for the BCA

Extensive lobbying by the BCA has paid off as the Chancellor announced in the pre-budget report that the empty property rate relief is to be extended until 2011, with the rateable value threshold raised from ÂŁ15,000 to ÂŁ18,000 rateable value (RV).   BCA Lobbied Government to Rethink Empty Property Rates …

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