Local Property Taxation
Local Property Taxation, whether in the UK or internationally, is a outgoing which arises as a result of the occupation or ownership of property.
Sanderson Weatherall LLP local taxation experts can advise on various fully legal strategies to mitigate this burden, whether on an individual property or across an entire portfolio.
Local Property Taxation (UK)
In the United Kingdom, local property taxes are known as Non Domestic Rates (NDR) or Business Rates for commercial properties; and as Council Tax for residential properties.
Local Property Tax (International)
Local Property Tax is levied by municipalities in countries across the world to raise revenue to provide local services.
First world countries even now in the 21st century operate a wide range of different approaches, due to a mixture of historical, geographic, demographic, economic and political factors. These approaches may range from taxes levied solely on land values, to taxes levied on both the land and improved values due to the addition of buildings and elements of plant and machinery. They may be based on occupation or ownership, or both.
Typically developing countries that want to move towards localising taxation will start with the application of a land value based tax, before migrating towards a more comprehensive system, where the system is refined to include site additions in the form of buildings.
Robert Brown, Partner, Rating Services at Sanderson Weatherall LLP is a past national council member of the Institute of Revenues, Rating and Valuation (IRRV), an institute which has for many years teamed up with the International Property Tax Institute (IPTI) to hold a biennial international conference on international local property taxation.
If you have international local property taxation issues we can help, whether in dealing with the matter directly or by helping you to make contact with a suitable adviser in the country concerned.