City shops set for cut in rates after landmark ruling: Retailer wins 38% cut in rateable value in decision that may affect 1,540 shops.
| Autor: | Berrill, Lewis |
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| Předmět: | |
| Zdroj: | Property Week; 11/10/2024, Vol. 91 Issue 38, p6-6, 1/3p |
| Abstrakt: | A recent Valuation Tribunal ruling may lead to a 38% reduction in business rates for over 1,500 City of London shops, potentially saving them up to £33 million annually. The ruling, affecting a shop on Cheapside, could impact a total of 1,540 retail premises in the City. This decision comes amidst calls for reform of the business rates system and a reevaluation of the 2023 rates to ensure fair taxation. [Extracted from the article] |
| Databáze: | Complementary Index |
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