In terms of commercial property, in the UK a landlord will have to pay property rates on an empty factory or office related to a theoretical rental value. If you take a piece of wasteground and build a skyscraper on it you will be liable for the rates on all of the offices you can't rent out. This means developing comes with a risk.
This in my view is a good arguement for Land Value Tax, where you would be paying an amount based on the unimproved value of the land. If you put the land to good use you are not penalised.
A lot of commercial property in my part of the UK is owned by the Regional Development Agency, which are EU funded bodies that help regions attract investment. This would seem to suggest that the commercial realities of owning a warehouse are tough.
In terms of commercial property, in the UK a landlord will have to pay property rates on an empty factory or office related to a theoretical rental value. If you take a piece of wasteground and build a skyscraper on it you will be liable for the rates on all of the offices you can't rent out. This means developing comes with a risk.
This in my view is a good arguement for Land Value Tax, where you would be paying an amount based on the unimproved value of the land. If you put the land to good use you are not penalised.
A lot of commercial property in my part of the UK is owned by the Regional Development Agency, which are EU funded bodies that help regions attract investment. This would seem to suggest that the commercial realities of owning a warehouse are tough.