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Holding commercial property

There have been a number of changes impacting the position of all UK commercial property owners (eg the corporate interest restriction rules) together with specific changes for non-resident owners (eg CbCR, the proposals for a register of beneficial owners, and to bring non-resident landlords within UK corporation tax). Find out more in respect of these changes, and many other areas relating to the taxation of UK commercial property via our insights and resources.

Disposing of commercial property

Historically, the tax position for investors in UK commercial property has been relatively stable - unlike most other major jurisdictions, the UK did not exercise its full taxing rights where non-residents disposed of UK commercial property. However, from April 2019, the UK will tax non-residents on gains. Find out more in respect of these changes, and many other areas relating to the disposal of UK commercial property via our insights and resources.

Stamp duty land tax

Stamp Duty Land Tax (SDLT) is a tax on transactions in English and Northern Irish real estate. Scottish and Welsh real estate are subject to Land and Buildings Transaction Tax (LBTT) and Land Transaction Tax (LTT) respectively. Each regime applies different rules to commercial and residential real estate, and the rules in respect of residential transaction taxes are particularly complex. Consult our insights and resources for more information.

Business rates

Business rates represent a significant cost, and there have been many changes to the business rates system in recent years, including, in 2017, the first revaluation for 7 years. Learn more about the changes with our business rates insights and articles.

REITs

The Government has made the REIT regime more attractive with changes to the legislation in recent years and there is currently a great deal of interest in REITs as a property holding structure. Find out more about REITs via our insights and resources.

Global RE tax publications

Our global real estate network comprises of people and teams with hands-on experience at the very top of the industry. Our Global Real Estate real estate publications provide you with a summary of the tax developments in respect of real estate investments from more than 40 countries.

VAT

Land and property transactions can be standard rated, zero rated, reduced rated, or exempt from VAT, depending on the nature of the property and of the transaction. They also involve high values, so it’s important to ensure the VAT treatment is correct. Consult our guide for an outline of the VAT position on common land and property transactions.