Commercial Property e-news

SEARCHES: “To do, or not to do….”

Napthens - February 21st 2012
Contracts for the sale and purchase of land are founded on the legal principle of Caveat Emptor(let the Buyer beware). This is commonly understood to mean that it is the Buyer’s responsibility to investigate title to the property which...
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Community Infrastructure Levy (CIL)

Napthens - October 17th 2011
CIL is a charge on new buildings above a certain size. It was designed to help fund local and sub-regional infrastructure and came into force on 6 April 2010. Although it has been around for a while, until recently very few local...
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Breaking a lease

Napthens - March 7th 2011
A common occurrence in the current commercial property market is for a tenant, and sometimes the landlord, to break a lease part way through the term. A couple of recent situations we have encountered can have unintended consequences...
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Stamp Duty Land Tax and the rate of VAT – do you owe more tax?

Napthens - December 12th 2010
On the 4th of January 2011 the standard rate of VAT will increase from 17.5% to 20%. HM Revenue & Customs have issued guidance on the impact of this increase on Stamp Duty Land Tax (“SDLT”) on non-residential leases. The purpose...
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Anti-competitive ruling

Napthens - December 1st 2010
The Competition Act 1998 (“the Act”) came into force in March 2000 and introduced two prohibitions to promote the protection of trade and competition in the UK: Chapter I Prohibition – prohibits agreements which result in the...
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Business rates relief for empty properties

Napthens - October 4th 2010
Since 1601, rating has been a tax on the occupation of land, including buildings. In 1966, an additional rate was created, providing for rates to be payable by owners on some vacant properties. Over the years, this has been extended and...
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Termination of a business tenancy without renewal

Napthens - August 11th 2010
If you are a landlord or a tenant you should be aware that there are certain things you must do in order to legitimately bring your business tenancy to an end.Procedure for termination by a landlord The Regulatory Reform (Business...
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