Commercial real estate lobby warns Healey against £1bn London office tax

By Daniel Gayne2026-10-16T14:25:00

Source: Shutterstock

Extra business rates on high-value offices would hurt growth, says Real Estate:UK

The UK’s real estate and development lobby has cautioned the chancellor against taxing the London offices, after speculation the Treasury could seek to raise £1bn from the sector.

Reports in The Telegraph indicate that John Healey is considering introducing higher business for commercial buildings valued over £500,000, as a way of increasing revenue for its 28 October Budget.

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