How does buying a business property differ from a residential property?

15th February 2018

There are different considerations when buying a business property due to the nature of the purchase, which could include the assigning of a commercial lease or the purchase of equipment or the goodwill of a business. VAT and stamp duty are treated in a different way and there are different standard conditions used. Generally it is more expensive to purchase a business property although there is a certain overlap, particularly if a freehold property is involved.