UK Planning Reforms: The Unintended Consequences on Valuing Properties for Tax

The Government has now started its "once-in-a-generation" planning reforms, and speculation of the possible unintended consequences has naturally followed. One topic which has been raised for debate concerns the impact of planning changes on established valuation methodologies and assumptions which form the outline for valuing commercial and private properties. However, an area which has not been widely considered is that there will be a potential further impact on the valuation of property for tax purposes.