Selling or Buying Commercial Property? Act Now to Avoid Paying More Tax

As the UK prepares for the first budget of the new Labour Government, due to be delivered by Chancellor Rachel Reeves on 30 October 2024, commercial property owners and investors are on high alert. In a recent interview with the News Agents Podcast, Reeves hinted at potential tax increases, though she remained tight-lipped about the specifics. Speculation is rife that Inheritance Tax, Capital Gains Tax, and Stamp Duty Land Tax could be increased. If any tax rises are announced on budget day, they might take effect immediately.

Why You Should Act Now

If you’re considering selling or transferring commercial property, the time to act is now. Completing your transaction before 30 October could prevent you paying more tax This is very important for commercial property buyers as securing finance and undertaking property searches can take time.

Don’t Delay – Contact Our Commercial Property Team Today

To reduce the risk of paying more tax, anyone planning to buy or sell commercial property should contact us as soon as possible. Lawson West Solicitors are here to help guide you through your transaction efficiently, contact us now as prompt action will help ensure your transaction is completed in time and may prevent you paying more tax.

Please contact us on telephone 0116 212 1000 or 01858 445 480, alternatively fill in the free Contact Us form and we will get in touch as soon as possible.

View all