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Empty property tax not helping market, warns King Sturge

Posted on 30 October 2008

From Birminghampost.net: Leading agency King Sturge has warned liability to pay full rates on empty buildings could tempt landlords to offer cut price deals and damage an already uncertain market.

The company believes landlords taking this action could spark widespread “stand-offs” between themselves and tenants as a direct result of the new legislation. In April, the government scrapped rate relief on empty commercial and industrial properties such as warehouses and offices. …. Full Article: Source


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