Denham launches public building rates probe
Communities secretary John Denham has launched an investigation into the way the Lands Tribunal values publicly-funded buildings including museums, galleries and sports venues for rating purposes.
Previously, the Valuation Office Agency could reduce a property’s business rates bill if it was constructed with the help of a grant.
However, the Lands Tribunal has decided that now they will not be able to do this.
More than 100 public buildings could be hit with rates bills higher than expected under this new system.
It is expected to affect an estimated 3% of the 1,500 museums in England.
Denham has ordered an investigation of the court decision, working closely with the independent VOA to understand the full implications in more detail.
The government says it is now urgently carrying out an assessment of possible options, including whether legislative action could be appropriate.
Ministers have ordered an investigation of the court decision, working closely with the independent VOA to understand the full implications in more detail.
The Government is now urgently carrying out an assessment of possible options, including whether legislative action could be appropriate.
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- Watchdog launches IFRS property tips
- Laurence launches OGC asset management campaign
- Denham intervenes in “disastrous” Doncaster
- Police forces must merge to save, warns think-tank
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