Financial Times FT.com

Unlet space tax hits landlords

By Jim Pickard

Published: July 7 2008 03:25 | Last updated: July 7 2008 03:25

Landlords, who are already under pressure, face an extra tax bill of £150m ($297m) as a result of worsening occupancy rates, a new survey reckons.

The new empty buildings tax, announced last summer and effective this April, was expected to raise about £950m a year.

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