Taxes and Rates

Commercial properties attract certain taxes and rates that may affect you, either as a seller, buyer or landlord.

If you are buying a commercial property, Capital Gains Tax may apply to you.

If you are selling a commercial property, Stamp Duty Land Tax may apply to you.

If you own a commercial property, then business rates may apply to you, subject to whether you are a landlord and whether a lease is in force. There are also exemptions that may be in place to reduce your liability for business rates in certain circumstances and we can advise you of these.

It is important to understand what your tax and rate liabilities may be prior to acquiring or selling a commercial property, as there could be severe consequences for failing to comply.

How can we help you?

Our expert team of property litigation solicitors have extensive experience in dealing with all manner of tax and rate matters.

Nockolds is a full-service law firm, having expert teams in commercial property, tax and trusts and litigation, and the above can often span a few different areas of expertise. Therefore, it is beneficial that these matters can be dealt with under one banner. We also have an extensive contact list with tax advisers and accountants that we can refer you to should their involvement be necessary.

Our team can advise on all aspects of the following:

• Whether you are liable to pay business rates and the obligations on you as a commercial property owner/landlord.
• Setting out, under the law, what the relevant tax obligations may be, subject to an accountant’s advice.
• Calculation of the Stamp Duty Land Tax that would be payable.
• Advise in respect of business rates, and whether any exemptions apply.

If you require advice on taxes and rates for a commercial property then please contact our team on 0345 646 0406 or fill in our online enquiry form and a member of our team will be in touch.