Relief measures still hamper rating

Article Abstract:

The transitional relief on commercial property rates which was introduced by the UK government in 1990 is continuing to distort the property market. The transitional relief arrangements were brought in to ease the effects of the 1990 revaluation of commercial property, the first since 1973. A surge in rents during the mid 1980s meant that rates were set to double. However the relief arrangements have only made the rating system more complex and confusing, given the timing of the 1990 and 1995 revaluations. The relief arrangements have made London's two-tier market more pronounced.

United Kingdom, Industry Overview, Real property tax, Real property taxes, Land value taxation

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An animated approach

Article Abstract:

During his time seconded to the Private Finance panel accountant David Cain has been instrumental in using private investment to place government property into the public sector. There is increased interest in the purchase of government contracts and in the sale of the benefits agency portfolio. Difficulties caused to the private sector have been addressed and Cain sees all projects moving ahead before he returns to Deloitte Touche.

Public Finance Activities, Contract Administration, Property Management-Natl Govt, Contracts, Interview, Government property, Contract management, Cain, David

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