Lockwood, Ben; Simmler, Martin; Tam, Hiu - 2023
We study the impact of commercial property taxation on vacancy rates and rents in the UK, using a new data-set, and … exploiting exogenous variations in property tax rates from reliefs in the UK system: small business rate relief (SBRR), retail … relief and empty property relief. We estimate that the retail relief reduces vacancies by 85%, and SBRR relief by up to 49 …