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| News » Company and Commercial Law » Calls to end empty property tax rates |
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29/10/2008
Calls to end empty property tax rates |
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MPs have criticized Gordon Brown's tax on empty commercial property and have highlighted the damaging effects of the initiative.
The Business Centre Association hosted an event with Labour backbencher Phil Wilson following a letter from the British Property Federation (BPF) in conjunction with Property Week.
At the House of Commons reception MPs were urged by Phil Wilson to sign an early day motion which would call on the government to re-instate tax relief on empty properties for businesses.
Commenting on the current situation, Phil Wilson, MP for Sedgefield, told the reception:
"It is fundamentally unfair that firms get taxed on these properties when they’re trying to bring new jobs and new investment into these areas."
Mr Wilson said that he would continue to apply pressure to the government to implement the changes to the tax laws.
Under the changes all unoccupied properties would receive full relief for the first three months and shops and offices would pay 50 per cent subsequently. |
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