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Article Details UK Pubs Face Demolition as Pub Co's Face Empty Pub Tax |
| UK Pub Sales Agents News Added: April 28, 2009 01:50:41 PM |
| Author: S George |
| Pub Sales Agents - : UK Pub Trade News |
Property News - UK Pubs Face Demolition as Pub Co's Face Empty Pub Tax |
| The confirmation in last weeks budget that there would be no increase in the tax relief rate period on empty business properties could see the demolition of many traditional pubs. The only concession for landlords of industrial and commercial spaces in the budget was that empty property with a rateable value of £15,000 or less will be excused from paying the empty building rates until March 31 next year.Before April 1 last year, empty pubs, offices and shops received 50 per cent tax relief. They now have to pay the full amount when a property is empty for more than three months. Landlords of industrial space have to pay full rates after six months' grace whereas previously they had full relief.While this may not directly affect the Publican, the pubcos who will have to pay this extra tax hike will have to pass the cost on or make savings somewhere else; redundancies; increase in rents for the publican; a further rise in the price of beer. But perhaps the worst scenario will be the demolition on old UK traditional pubs. This is a far greater threat to the traditional UK Pub than any conversion to a takeaway Whether our clients are buying a pub, restaurant or hotel to redevelop or to run as a business, we aim to closely match their individual requirements and save time on property viewings, local research, due dilligence and property conveyancing.
Paramount Pub Sales 150 West End Lane |
UK Pub Sales Agents News
Fab Technology Throws Lifeline to the Village Pub
Fresh Ale Bag Technology Limited of Wroxham ( FAB Technology Broadland for short ) has been formed to further Research and Develop the Technology used at Real Ale Experience on The Norfolk Broads at Wroxham.
Fresh Ale Bag Technology Limited of Wroxham ( FAB Technology Broadland for short ) has been formed to further Research and Develop the Technology used at Real Ale Experience on The Norfolk Broads at Wroxham.
Bedford Pubs : Pubs For Sale In Bedford
Pub For Sale : Red Lion, Park Road, Stevington, Bedford, Bedfordshire, MK43
Pub For Sale : Red Lion, Park Road, Stevington, Bedford, Bedfordshire, MK43
Ellesmere Port Pubs : Pubs For Sale In Ellesmere Port
Pub For Sale : Wing Half, Alnwick Drive, Ellesmere Port, Cheshire, CH65
Pub For Sale : Wing Half, Alnwick Drive, Ellesmere Port, Cheshire, CH65
Middlesbrough Pubs : Pubs For Sale In Middlesbrough
Pub For Sale : Eagle, Rothbury Road, Middlesbrough, North Yorkshire, TS3
Pub For Sale : Eagle, Rothbury Road, Middlesbrough, North Yorkshire, TS3
Crook Pubs : Pubs For Sale In Crook
Pub For Sale : White Swan, Hope Street Crook, Durham, DL15
Pub For Sale : White Swan, Hope Street Crook, Durham, DL15