Scotland's commercial property market has experienced challenging times with the ongoing concerns in the wider UK economy. However, the new market conditions create opportunities for those with the confidence, and financing, to strike. Whatever the conditions, Brodies is ideally placed to support clients in identifying and securing opportunities in the commercial property market and is involved in many of Scotland's largest property deals.
Our real estate practice leads the Scottish market and we have continued to recruit more experienced real estate solicitors and partners during the past year to support our growing client base with our unparalleled market knowledge and expertise.
We also see it as an important part of our role to represent our clients' concerns to policy makers. Nick Scott, Head of Real Estate, was invited to give evidence to the Scottish Parliament Finance Committee on the draft Land and Buildings Transaction Tax (LBTT), which replaced Stamp Duty in Scotland in 2015.
In its recommendations, the committee acknowledged the need for greater clarity on the rates of LBTT and industry concerns over the proposed blanket abolition of sub-sale relief, which could impose a double tax on some new real estate developments. Explore what impact LBTT may have using our LBTT/SDLT Comparison Calculator.
A close-knit team which works very well together on a tight timetable. Complementary skill sets and a focus on client service make the team highly effective."
Chambers & Partners 2017