Shoreditch offices are about to get a 142% tax rise
|09/29/2016||Posted by BusinessMediaguide.Com under General World News||
Shops and businesses in London are going to face big rises in tax bills from next April.
Government analysis reveals that, while business rates will fall in every other region of England when rates are rejigged next year, they will rise by an average of 14% in London.
In Shoreditch, bills are set to rise by an eye-watering 142%, according to property company JLL.
Business rates are a tax payable on non-domestic property — in other words, on office, retail, or industrial space. It is measured per square metre.
Rate are currently calculated based on pre-recession rent values from 2008. But from April read more >>>