Commercial Property Tax (Everything You Need to Know!)
Venturing into the commercial property sphere without a deep understanding of the UK’s commercial property tax regulations could lead to significant financial pitfalls. The complexities of the UK tax system can catch you off guard, resulting in hefty unexpected charges, fines, loss of property and a tarnished relationship with HM Revenue and Customs (HMRC). This […]
Finding the Best Commercial Property Solicitors
Commercial property solicitors play a pivotal role in the UK’s real estate market, ensuring that transactions involving commercial properties are legally sound, efficient, and tailored to meet the specific needs of businesses. Their expertise is crucial for a range of activities, from buying, selling, and leasing commercial spaces to navigating complex planning laws and resolving […]
What Is Commercial Property? (A Complete Guide!)
In the UK, commercial property refers to real estate used for business activities. This broad category encompasses not only buildings housing businesses but also land intended to generate profit and large residential rental properties. Examples of commercial properties include shopping centres, supermarkets, and office spaces. This broad category is vital for businesses of all types, […]
Commercial Property Investment (A Guide!)
Investing in commercial property represents a strategic approach to investment portfolio diversification, effectively mitigating risk. The potential for financial returns from commercial real estate investments arises both through rental income, provided by leasing space to tenants, and through capital appreciation, as the market value of the property increases over time. Unlike other investment assets like […]
Understanding Standard Commercial Property Conditions
Standard Commercial Property Conditions (SCPCs) refer to a set of predefined terms and conditions often used to sell and purchase commercial properties in the UK. These conditions aim to streamline the transaction process, offering a uniform legal framework that both parties can rely on during negotiations and contractual agreements. Understanding SCPCs is crucial for anyone […]
What is the Role of the Company Secretary?
All UK public companies require a company secretary by law, under the Companies Act. Private limited companies however are not required to appoint a company secretary, however the directors may still choose to do so, as there can be many practical benefits to the organisation of having a dedicated individual in this role. Many important […]
Introduction to FRI Leases (A Deep Dive!)
A full repairing and insuring lease, known as an FRI lease, is a commercial lease which gives the tenant sole responsibility for the maintenance, repair, and insurance of the property for the duration of their tenancy contract. This means that for the duration of their tenancy, the tenant assumes full responsibility for the upkeep of […]
Stamp Duty on a Commercial Lease (A Guide!)
Stamp Duty Land Tax (SDLT) must be paid on land transactions in England, including commercial leases over a certain threshold. SDLT may be payable on the grant, assignment, variation or surrender of a commercial lease. The rules surrounding SDLT are complex and it is the tenant’s responsibility to calculate and pay any stamp duty on […]
Guide to the GDPR for Businesses
The GDPR is an acronym for the General Data Protection Regulations. This a European-wide Regulation from the European Union and has a direct effect in every member state. In an age of ‘big data’ and high profile data breaches, the aim is to enhance protection and control of individuals’ over their personal data, while standardising […]