One of the biggest challenges facing any corporate company is that the bigger you get, the less flexible and responsive you tend to become.
Here at Demolition News, however, we have just discovered an independent company that has responded with impressive marketing savvy to take advantage of the much-lauded change in taxation on empty properties:
Rates on empty business premises came into force on April 1, 2008; owners having previously been granted relief on unoccupied properties by the 1988 Local Government and Finance Act.
Under that act empty industrial property was granted 100% relief while all other commercial property received 50% relief following an initial three months exemption. This is now a much talked about government policy in the current economic climate.
Although the new charge still allows relief for the first six months on industrial premises and three months for all other commercial property (it will not be available in relation to existing vacant buildings), the removal of relief thereafter has introduced a significant additional financial burden on property owners who have empty accommodation. The Management at MJ Finnigan Limited would like to offer all property owners currently suffering from this tax an opportunity to make the most of what may be seen as a difficult situation.
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