Changes to the amount of fees companies pay in business rates will keep disputes practitioners busy, as the increasingly litigious nature of the United Kingdom’s real estate market is fuelled by Brexit uncertainty.
Adam Colenso, property litigation partner at Wedlake Bell, says that this raises the question of “whether people will challenge their own specific new values for business rates for their premises in that context. The industry expectation is that there will be many challenges”.
Colenso thinks that if London and the South East become more expensive, people will be encouraged to invest in other areas such as the North West and Leeds, which, he claims, is perhaps needed to recalibrate the economy.
Please click here to read this article in full first published by CDR-news on 31 May, 2017.