Tax Relief Snub Hits Business ; Property Pre-Budget Report

Summary


One of Birmingham's leading property professionals has accused the Government of snubbing the industry after only offering exemption on empty properties with a rateable value below pounds 15,000.

Mark Swallow, head of Knight Frank in the city, said property- owners were becoming increasingly desperate by the lack of tax relief and this new measure would do nothing to alleviate suffering.

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Extract


Tax Relief Snub Hits Business ; Property Pre-Budget Report

He said: "The Chancellor snubbed the property industry this afternoon. The report's objectivewas to generate a fiscal stimulus to help our ailin...

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