PNelson

Landmark Iceland Supreme Court Ruling 'could save hundreds of millions of pounds in property taxes'

Blog Post created by PNelson on 13-Mar-2018

It is believed that the Supreme Court decision in Iceland Foods Ltd (Appellant) v Berry (Valuation Officer) - which 'establishes what is and is not rateable plant and machinery as applied to its use in respect of trade or manufacturing operations' - could save hundreds of millions of pounds in property taxes.  Experts report that it means that some properties, such as cold stores, could be overvalued by as much as 40% (CoStar News)

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