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'Tax on adversity' will kill off commercial property market

SCOTTISH Government plans to increase rates on empty commercial property risks destroying one of Scotland's existing competitive economic advantages over the rest of the UK, the head of a national trade body has claimed.

Tom Stokes, spokesman and past chairman of the Business Centre Association, which has 960 member locations across the UK, urged the SNP Government to "think again" about the move, which it intends to introduce from April 2013. The BCA is suggesting a three-year moratorium on the levy for new commercial buildings to encourage the provision of space for struggling SMEs and start-ups.