Commercial property tax relief 'will aid smaller businesses'

Call us on our free phone number 0800 587 0093

People Finder

Search AG

Share this site

My Ashton KCJ Bookmarks

Currently no favourites bookmarkedAdd this page to FavoritesCharacter limit exceeded! Limit:To delete the bookmark click on the title and drag out.Bookmark already exists!Custom titleDescriptionPlease fill in all required fields!

100smoothness

Warning: Invalid argument supplied for foreach() in /home/ashtonkc/public_html/modules/mod_cd_fapa/tmpl/default.php on line 56

Commercial property tax relief 'will aid smaller businesses' /resources/news/commercial-property/1290-Commercial-property-tax-relief-will-aid-smaller-businesses

Home > News & Resources > News > Commercial Property > Commercial property tax relief 'will aid smaller businesses'

Commercial property tax relief 'will aid smaller businesses'

The government's decision to extend the empty property tax relief for lower-tier commercial property will benefit smaller companies, according to an expert.

Retail and leisure data firm the Local Data Company has stated that Alistair Darling's decision to continue the tax exemption for properties with a rateable value below £18,000 will be a boon to start-firms.

According to the chancellor's calculations, this means that around 70 per cent of all empty commercial properties in the UK will be exempt from the tax.

Matthew Hopkinson, business development director for the data expert, predicted that entrepreneurial companies looking to "try something else" will also benefit from the extension of the scheme, which will now run until 2010-11.

However, he warned that many firms will still be facing the risk of insolvency over the course of the coming months despite the upcoming festive period.

Mr Hopkinson suggested that companies may not experience "the Christmas trading that they expected to have, or that they were hoping to be saved by". ADNFCR-2347-ID-19508259-ADNFCR