Property occupiers and owners face a number of taxes throughout the lifecycle of their buildings. Two of the most important ones are business rates and capital gains tax.
The calculation of both taxes is complex, involving not just valuation issues, but also confusion over liability from matters such as transitional arrangements and a minefield of exemptions, surcharges and allowances. This quite often results in businesses being charged excessively for tax. So we always advise our clients to review their assessed value, analyse their bills carefully, and to challenge them if necessary.
In so doing, our property taxation experts have saved our clients in excess of £1.8bn over the last five years.
Empty property rates and the 2010 rating revaluation are currently of particular concern to businesses. The following pages, case studies and technical documents describe these in much more detail:
UK business rates >>
empty property rates >>
international property taxes >>
capital gains tax >>
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