John Lovell Comments: 2016 Budget – Impact on Capital Allowances: Commercial Property

The 2016 Budget has offered mixed news for commercial property owners.

The positives are lower capital gains tax to a 20% rate which may encourage some owners to sell. However the increase of SDLT to 5% is a negative and significantly reduces the attraction of buying property assets. The trend to lower corporation tax rates of 17% by 2020 […]