Empty property rates [electronic resource]
Language: English Series: RICS ResearchPublication details: London RICS 2013Subject(s): Online resources: Summary: Outlines the results of a RICS survey of its members accessing the impact of empty property rates (EPR) on vacant commercial property in England and Wales. Concludes that EPR is affecting growth in the commercial property sector, reducing interest in investing in new commercial property development and speculative building. Outlines RICS 6 recommendations on EPR to the Government which include a national 12 month exemption from EPR for new build, increasing exemption from three to six months for retail and six to twelve months for office and industrial for vacant properties, the removal of any properties undergoing refurbishment, renovation or retrofitting from the business rates list until completion and increase threshold to between £12 000 and £18 000.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 157762-2001 |
Outlines the results of a RICS survey of its members accessing the impact of empty property rates (EPR) on vacant commercial property in England and Wales. Concludes that EPR is affecting growth in the commercial property sector, reducing interest in investing in new commercial property development and speculative building. Outlines RICS 6 recommendations on EPR to the Government which include a national 12 month exemption from EPR for new build, increasing exemption from three to six months for retail and six to twelve months for office and industrial for vacant properties, the removal of any properties undergoing refurbishment, renovation or retrofitting from the business rates list until completion and increase threshold to between £12 000 and £18 000.