Murray Beith Murray is a leading Scottish private client law firm.
For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
From 1 April 2015 the Land and Buildings Transaction Tax (“LBTT”) regime came into effect imposing a duty on commercial tenants to submit a return every three years. The first cycle of these three yearly returns arose in April 2018, and significant penalties can be incurred for late submission or failure to submit.
Serving notice in a commercial lease or contract might appear straightforward. However, mistakes are regularly made by the party serving notice, often resulting in cases being brought to Court to determine whether a notice has been validly served. This guide will address some common pitfalls and ways to mitigate the risks; it can be costly for the party seeking to rely on a notice to get it wrong.
A recent survey of the UK commercial property market has revealed a bit of mixed picture, with occupier demand falling in the office and retail sectors but conditions remaining firm in the industrial segment.
Whether in our capacity as property owners or as individuals, we can be in no doubt of the responsibility we collectively face to protect our planet for future generations.
