Category: Premises & Property

Stamp Duty Land Tax (SDLT): the basics

Sep 15, 2024

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Premises & Property, Tax Breaks & Finance For Your Business

Stamp Duty Land Tax (SDLT) is generally payable on the purchase or transfer of property or land in the UK where the amount paid is above a certain threshold. In addition most UK land and property transactions must be notified to HM Revenue & Customs on a SDLT return within a certain time limit –…
First-year allowances: the basics

May 6, 2024

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Tax Breaks & Finance For Your Business, Uncategorised

Plant and machinery ‘first-year allowances’ enable you to make a claim for up to 100 per cent of the cost of certain qualifying items against your business profits in the year of purchase. First-year allowances of 100 per cent are currently available for expenditure on: For capital expenditure incurred in the 12-month period starting on…
Changing your premises and business rates

Mar 2, 2024

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Business Rates, Premises & Property, Tax Breaks & Finance For Your Business, Uncategorised

Businesses occupying non-domestic premises pay business rates. The amount of business rates payable is calculated using the rateable value and the multiplier, set by the government. Different multipliers are used for England, Wales, Scotland and Northern Ireland. If you change the nature of your business or make changes to your premises – extending them and…
Planning permission – an overview

Mar 2, 2024

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Planning Permission & Building Regulations, Premises & Property

The planning system is essential for the sustainable development of the UK’s buildings and infrastructure. If you are intending to create a new building or development, or significantly change the structure or use of an existing building, you will probably need planning permission. This requires you to apply to the relevant local planning authority, who…
Building regulations – an overview

Mar 2, 2024

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Planning Permission & Building Regulations, Premises & Property

Building regulations set standards for design and construction which apply to most new buildings and many alterations to existing buildings in England and Wales, whether in the home or commercial development. They are primarily to ensure the safety and health for people in or around those buildings, but also for energy conservation and access to…
Commercial property: responsibilities of business tenants

Feb 8, 2024

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Choosing The Right Premises, Premises & Property

If you are the tenant of commercial premises, it’s important to be aware of the responsibilities you have for maintaining the premises and for the health and safety of occupants – particularly in areas such as gas and fire safety. Some responsibilities are laid down by statute and others have the force of law because…
Renewing and ending your business lease

Feb 8, 2024

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Choosing The Right Premises, Premises & Property

The Landlord and Tenant Act 1954 (Part 2) normally gives business tenants the right to renew the tenancy of their business premises when it comes to an end. The Act governs renewal and termination procedures and, where the parties cannot agree, provides courts with powers to order the renewal or termination of the tenancy. In…
Renting business premises

Jan 20, 2024

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Choosing The Right Premises, Premises & Property

Finding the right premises for your business is crucial. A key decision is whether to buy or rent property. Renting premises ties up less capital than buying which means you can invest it in the business instead. It can also give you flexibility to relocate easily should you need to. The type of premises you rent…
Capital allowances: the basics

Jan 20, 2024

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Premises & Property, Tax Breaks & Finance For Your Business

If you buy an asset – eg a car, tools, machinery or other equipment – for use in your business, you cannot deduct your expenditure on that asset from your trading profits. Instead, you may be able to claim a capital allowance for that expenditure. Capital allowances are also available for certain building-related capital expenditure,…
Commercial mortgages and lenders

Jan 20, 2024

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Choosing The Right Premises, Premises & Property

If you decide to buy property for your business, you will probably need a commercial mortgage to finance the purchase. Before you take one out, it is essential that you consider the maximum monthly mortgage repayment your business can afford. You should also take into account the potential growth of your business, as relocating too…
Access and facilities for disabled people

Jan 5, 2024

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Access & Facilities, Premises & Property

There are around ten million disabled people in Great Britain. You must not discriminate against disabled people who use your goods or services. You are also required to make reasonable adjustments for disabled people. Reforms introduced by the Equality Act 2010 also make it unlawful to directly discriminate against someone wrongly perceived to be disabled…
Buying business premises

Dec 20, 2023

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Choosing The Right Premises, Premises & Property

Businesses looking for premises will usually choose to rent, but there are a few specific circumstances when you may want to consider buying the premises instead. For instance, if you decide to open a small newsagent and want to live above the shop, or if you have formed a professional partnership and could use the…