Squatters to pay property tax too

Thursday, May 4, 2017 - 18:15

There's a strong possibility that citizens will be paying more for goods and services as commercial property tax rates for malls are estimated to be in the millions.

Finance Minster Colm Imbert says if mall owners decide to pass on the tax to tenants, there's nothing the government can do about it.

At today's post-cabinet news conference the minister also clarified that squatters will be asked to pay property tax for their structures however he estimates the cost will be minimal.