Commercial

HMRC pursues overseas commercial landlords

HMRC is now writing en masse to overseas companies it has identified as appearing to own UK commercial property they do not appear to have disclosed any taxable rental income for. The letters begin: Disclosure for non-resident landlord liabilities UK property of...

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Commercial property values fall

The value of commercial properties in Britain fell by £130 billion last year as landlords were hit by rapidly rising interest rates and the prospect of a recession. Commercial property capital values dropped by 3 per cent last month alone, according to the latest...

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Shop Vacancy Rates begin to Fall

The number of empty shops in the UK has continued to fall but remains higher than pre-pandemic levels amid fears that falling consumer confidence will test the fragile recovery. The overall vacancy rate across Britain fell to 14% in the third quarter, 0.1 percentage...

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Loophole to be closed in EPC/MEES regulations

PropertyWire has just published an article on a current loophole in the EPC/MEES regulations for commercial property, where an EPC is generally considered not to be required on a renewal lease, many landlords have been able to renew leases to sitting tenants where the...

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The pros and cons of being a commercial landlord

Property Reporter have run an article on ‘The pros and cons of being a commercial landlord’    It can be seen here, and says: The latest research by Revolution Brokers has revealed that commercial property landlords are currently averaging yields of 6% across England,...

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New rules for energy efficiency

The clock is ticking for commercial landlords to ensure their properties meet minimum energy efficiency standards ahead of 1 April 2023, warns commercial property specialist Rajinda Sanghera. Rajinda, an associate at national law firm Clarke Willmott LLP, says the...

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