Data and Code for: Tax and Occupancy of Business Properties: Evidence from UK Business Rate Reliefs

This is the data and code for the empirical results in the paper "Tax and Occupancy of Business Properties: Evidence from UK Business Rate Reliefs". In the paper, we study how UK property tax rates impact commercial vacancies and rents, using new data, and exploiting exogenous variations in two major property tax reliefs, small business relief and retail relief. We estimate that both reliefs are effective at achieving their objectives. A given monetary relief per property will lead to a bigger reduction in vacancies for eligible properties if given via retail relief, because small business relief is targeted only at small businesses. Small business relief has a bigger effect in clusters of urban properties, while both reliefs are more effective in reducing retail vacancies in less deprived areas.

本数据集包含论文《商业地产税收与占用情况：来自英国商业税率减免的证据》（"Tax and Occupancy of Business Properties: Evidence from UK Business Rate Reliefs"）的实证结果所需的全部数据与代码。本研究采用全新数据集，借助两项核心商业地产税收减免政策——小型企业减免（small business relief）与零售减免（retail relief）——的外生政策变动，探究英国地产税率对商业空置率与租金的影响机制。研究测算表明，两项减免政策均顺利达成了预设政策目标。针对单地产的等额货币减免若通过零售减免政策发放，将为符合资质的地产带来更大幅度的空置率下降——这是由于小型企业减免仅定向覆盖小微企业。小型企业减免在城市地产集群中的政策效果更为突出，而两项减免政策在贫困程度较低的区域对零售空置率的抑制作用均更为显著。