Heathrow, Gatwick Among Losers in UK Property Tax Shake-Up

The valuations of the UK’s largest airports, power stations and transport infrastructure on which property taxes are based are set for massive increases, according to a draft list of the numbers the government will use to determine business rates next year.

Heathrow Airport, already the country’s top business rates payer, is set for a 353% jump in its 2026 rateable value compared to its previous pandemic impacted valuation in 2023, according to an analysis of government data by specialist tax adviser Ryan LLC. Gatwick Airport is set for a 280% hike, while Manchester Airport will see a 245% increase, the data show.