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The end of staircase tax

Property, Economy, Tax

Government officially axes unpopular staircase tax

Thousands of small business owners in England will be pleased to know that the widely unpopular “staircase tax” has finally met its end.

As of yesterday, 1 November, thousands of companies in England are able to ask for rebates to their business rates going back as far as 2010 after the so-called staircase tax was repealed.

Under the legislation, companies operating over several floors in the same premises were handed separate business rates assessments for each occupied floor, so long as the floors were separated by communal spaces such as staircases, corridors and elevators.

The tax was widely criticised for hiking business rates for companies utilising workspace over multiple floors while barring them from accessing rates relief that they could only qualify for if they own one property.

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