Revalued judgment

Article Abstract:

The planned rating revaluation is due in the year 2000. The UK government is planning to change the appeal process. It is possible appeals against a rating assessment will be governed by a time limit. Some industry observers anticipate rates will rise by an average of 13% in central London, England, whilst in some areas, such as East Anglia, England, they may fall by 13%. Others point out a number of office occupiers are paying rates based on levels set in 1973 because they missed the last revaluation in 1995. Some rating experts suggest valuations should happen more often.

Property Taxes, Analysis, Office buildings, Valuation, Real property tax, Real property taxes

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Whitehall's businessman

Article Abstract:

United Kingdom Treasury Private Finance Initiative Taskforce, Chief Executive Adrian Montague is working hard to reverse the poor public opinion of the scheme. Montague's taskforce has been studying the performance of PFI and reviewing the organisational structure within the scheme. He points out the Labour government is very committed to working with the private sector through the PFI. Montague sees his taskforce as establishing a linkage between the private and public sectors. The taskforce was set up in Spring 1997 and is planned to continue its work for two years.

National Government Finance NEC, Officials and employees, Interview, Public finance, United Kingdom. Treasury, Capitalists and financiers, Government financial institutions, Montague, Adrian

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Yes, no, maybe ..

Article Abstract:

The UK government's Finance Bill includes provisions which change the regulations on capital allowances on fixtures in buildings. This will apply to buildings sold after Jul 23, 1996. The purchaser will be able to claim based on the price paid, applying the 'apportionment' valuation method. The purchaser will be limited to the disposal value of the previous claimant where the first, or any subsequent, seller of the property after the date stated has claimed. If the property is being sold at a loss, the apportionment may be lower than the original cost.

Tax Deductions & Exemptions, Tax deductions, Tax policy, Capital

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