Airports and royal palaces recorded the largest increases in valuations that determine property taxes in 2026 across England and Wales, according to official data released Wednesday.
The so-called ratable value—used by UK authorities to compute a property tax levied on commercial premises known as business rates—rose fourfold for civil airports and three times for royal palaces between 2023 and 2026, His Majesty’s Revenue and Customs data showed.
The Treasury, as part of its revision of ratable values every three years, set a lower multiplier for more than 750,000 retail, hospitality, and leisure businesses that kicked in Wednesday. However, ...
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