is commercial property a good investment?

[@loreeenebub3761]

Please can you add a video on how to find a commercial property deal and how to compare their market values with all steps to be explained? Thank you!

[@UK-Property-Tax-Accountants]

I will certainly add it to my list of videos to produce. Thank you for the idea.

[@gina-gt9845]

I would like to know CGT when selling a home and i can see that you have set up another video. I look forward to watching this video from you.

[@UK-Property-Tax-Accountants]

The new video is an update from an A/V so should provide some greater insight of how to say CGT

[@swillvids]

In regards to SDLT + Commercial shop with residential flat upstairs, how does the SDLT get calculated? Specially if buying the whole unit as one etc

[@UK-Property-Tax-Accountants]

The whole unit will be non-residential as it is mixed use property

[@devgohil6387]

Hi Very informative video. I have a convenience shop on ground floor with residential flat upstairs which I have let out. Would this be classified as commercial or not for tax purposes?

[@UK-Property-Tax-Accountants]

The residential element is residentially the convenience store is commercial. I hope that helps

[@yourstrulyregina]

Please note that your sound recording has too much of echo, it makes the hearing difficult.

[@UK-Property-Tax-Accountants]

Thank you for the feedback. We have updated and improved our audio for future videos. The content is still relevant and I hope that it was useful despite the audio

[@behindthelens10]

Thank you for the content, it’s great. The sound quality isn’t nice though. Some decent microphones would make these videos even better 🙏🏼👏🏼

[@UK-Property-Tax-Accountants]

Thank you for the feedback. We have stopped doing those types of videos and upgraded all of our sound systems to improve sound quality. Hopefully the videos you watch after September 2021 will be much better

[@nyashagwatidzo3408]

Is holidays let’s and serviced accommodation considered commercial

[@UK-Property-Tax-Accountants]

Holiday lets all residential properties as you can sleep in them. Therefore, they are not commercial

[@raiashish70]

Hi .. first of all thanks for such an informative video.. I understand that buying commercial through SIPP/SSAS is beneficial if you are running your own business through it. Is there any other commercial investment strategy which you ‘d think would be beneficial for someone like me who don’t want to run any business but want to invest through SIPP/SSAS. Am I right in saying that all other comm investment through SIPP/SSAS strategy would have a disadvantage of not utilising capital allowances?

[@UK-Property-Tax-Accountants]

You can buy a commercial building as a stand alone investment A SIPP is cheaper to set up and maintain. It is also quicker to set up.

[@gina-gt9845]

Hello, I own a fish and chip shop in the UK and a flat above and this property is owned by me freehold and there isn't a mortgage on it. I am thinking to do is transfer the ownership of the property to my son . Do I need to report Capital Gain Tax? or I have to pay CGT? Would this transfer be considered a gift? Can you please advise me if this is possible? And what would be the best procedure?

[@UK-Property-Tax-Accountants]

Any gift of a property investment to a relative will be subject to capital gains tax. You will need to report and pay the capital of them 30 days to HMRC

[@gina-gt9845]

@@UK-Property-Tax-Accountants Thank you for your answer. Much appreciated!

[@UK-Property-Tax-Accountants]

You are very welcome and I hope that you have a good week