Earlier quoted context omitted.
Ah, interesting. So it sounds like the tax roughly scales with property value (or size). And pubs are probably a "poor use of land" because the revenue per square foot is not particularly high?
Yes. It scales with a government agency's estimate of the property's annual rent (even if you own it), based on market rates in the area over the past two years, which they then scale up/down based on floorspace and how dilapidated the building is. You pay a percentage of the hypothetical rent as tax. There is a lower rate if you're a small business, and there are also tax reliefs for various reasons (charity, partia…
https://www.theguardian.com/business/2025/mar/23/ye-of-littl...