Summary
GOVERNMENT plans to scrap rate relief on empty commercial properties could force landlords to consider "constructive vandalism" and "ways to get round the legislation".
Ken McCormack, head of business rates at property agency James Barr, said the scrapping of rates relief would have "serious" consequences for property developers and investors. He claimed that the extra charges on property owners would be the "nail in the coffin" for Maxim, a massive office park on the M8 that has been largely empty since it was built on a speculative basis in 2007.See the full content of this document
Extract
Axing Property Relief May Be 'Final Nail in the Coffin'
First Minister Alex Salmond proposed reform of rates relief in an e-mail leaked last week, which suggested revenues raised from abolishing the rat...
See the full content of this document
Sponsored links
