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UK Commercial Business rate and LVT

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  • John
    Mark Wadsworth brought up an interesting fact on the UK business rates, which is partially based on the rental value of the land the buildings is on.
    Message 1 of 1 , Dec 24, 2012
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      Mark Wadsworth brought up an interesting fact on the UK business rates, which is partially based on the "rental value" of the land the buildings is on. Commercial land, which has no LVT content, did not run way in price as did residential land, which does have an LVT content.

      The blog........
      http://conservativehome.blogs.com/the-deep-end/2012/12/the-land-tax-is-a-bad-solution-to-a-genuine-problem.html#idc-cover

      "The bubble in UK commercial land and buildings (which are subject to Business Rates which is a rough and ready LVT of about 30% of total rental value, or probably about 60% of site-only rental value) was much smaller, in relative and absolute terms, than the bubble in UK residential land (which is only liable to Council Tax)."
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