Coronavirus: Whether you’re a commercial tenant or landlord, or buyer or seller, our commercial property team are working remotely and able to help you as usual. We are seeing many purchases and sales proceeding, as well as some tenants looking to adjust rental payments. While a limited number of transactions are pausing we are seeing a working market which is surprisingly busy. Our clients are looking ahead, to maximise opportunities when restrictions are eased, and we see this in the market.
Springfield Properties plc announced that they had plans for implementing the long awaited creation of new villages to the west of Dundee.
This includes land belonging to one of our clients and is a development that appears to have the clear support of the planners in creating a series of villages which will provide the necessary high quality housing to continue to attract top executives to Dundee.
Commercial landlords are advised to seek advice before making changes to tenant agreements.
Emergency legislation allowing the purchase and sale of land will come into place on Monday 27 April.
The requirement to make three yearly Land and Building Transaction Tax (“LBTT”) Returns for relevant Commercial Leases should be easy - provided you remember about it!