Semi Commercial Property

We recently advised a client that was purchasing a semi commercial property for £2,000,000.

 

The property consisted of a shop on the ground floor with four self-contained flats above, all held under a single Freehold title.

 

Our client’s solicitor had applied the mixed-use rate to calculate a tax charge on this transaction of £89,500. 

Upon further review, we determined that there was an alternative way to calculate the tax liability for the transaction, which reduced the clients tax bill to £47,900, saving them £41,600.

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