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Scotland Urged To Overhaul Commercial Property Taxes

by Amanda Banks, Tax-News.com, London

23 August 2017


A report commissioned by the Scottish Government has put forward 30 recommendations on reform of Scotland's business rates regime (commercial property tax).

In particular the report recommended that the Government consider whether sports clubs, private schools, and universities in the country should continue to be able to claim significant business rates relief. Many of these organizations do not face business rates due to their charitable status.

It recommended also that the tax treatment of private schools should be brought in line with state schools, which are not exempt from business rates. Meanwhile universities should have their entitlement to business rates relief withdrawn for any commercial activities where they compete with private companies, the report said.

It added that concessions for larger sports clubs should be also reviewed.

The report, which was led by former RBS Chairman Ken Barclay, also encouraged the Government to introduce a new relief for day nurseries to support childcare provision.

Finally, the report said tax relief should be provided for new builds for 12 months and that business rates should be reviewed every three years rather than every five.

TAGS: tax | business | property tax | United Kingdom | tax breaks | charities | Other | Scotland

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