Eres : Digital Library : Works

Paper eres2008_109:
AN INVESTIGATION OF THE INCIDENCE OF NATIONAL NON DOMESTIC RATES IN THE UK COMMERCIAL PROPERTY MARKET

id eres2008_109
authors Bond, Shaun; Ben Gardiner; Peter Tyler
year 2008
title AN INVESTIGATION OF THE INCIDENCE OF NATIONAL NON DOMESTIC RATES IN THE UK COMMERCIAL PROPERTY MARKET
source Book of Abstracts: 15th Annual European Real Estate Society Conference in Kraków, Poland
summary This paper relates to the study of National Non Domestic Rates (NNDR), a property tax related to the rateable value of buildings not used for domestic purposes. Rateable values are reviewed every five years while the NNDR multiplier is adjusted annually in line with the RPI. The research specifically relates to analysis of the incidence of the NNDR tax, ie who ultimately pays the tax - the landlord or the tenant. The work undertaken set out to answer the following questions: 1 Is there evidence that rents move in response to a change in NNDR? 2 What is the time period of adjustment for rents following changes to NNDR? 3 Are there regional/sectoral effects in the relationship between rents and NNDR? // Enterprise Zones are at the core of the empirical analysis because they were subject to full NNDR relief, along with other benefits. This means that they can act as a useful control group against which to assess properties with similar characteristics in nearby areas receiving no relief. Due to a lack of rental data for Enterprise Zones during their designation period, the main focus is on the period of adjustment once an area ceased to have Enterprise Zone status.
series ERES:conference
email bg@camecon.com
discussion No discussions. Post discussion ...
ratings
session H1
last changed 2008/11/26 14:05
HOMELOGIN (you are user _anon_827145 from group guest) Powered by SciX Open Publishing Services 1.002