Pro-Taxman

Commercial Property

Have you heard of a SIPP? They can be a useful tool for investments.

Using a SIPP to save for retirement A SIPP is a self-invested personal pension which is set up by an insurance company or specialist SIPP provider. It is attractive to those who wish to manage their own investments. Contribution to a SIPP may be made by both the individual and, where appropriate, by the individual’s …

Have you heard of a SIPP? They can be a useful tool for investments. Read More »

The letting of a jointly-owned property in itself does not give rise to a partnership, so what does?

Property partnerships A person may own a property jointly that is let out as part of a partnership business. This may arise if the person is a partner of a trading or professional partnership which also lets out some of its land and buildings. A less common situation is where the person is in a …

The letting of a jointly-owned property in itself does not give rise to a partnership, so what does? Read More »

Make sure you take into account stamp duty if you’re looking to buy a commercial property.

Stamp duty land tax on non-residential properties Stamp duty land tax (SDLT) is payable in England and Northern Ireland on the purchase of property over a certain price. It applies equally to residential and non-residential properties, although the rates are different. Stamp duty land tax is devolved with land and buildings transaction tax (LBTT) applying …

Make sure you take into account stamp duty if you’re looking to buy a commercial property. Read More »