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Lawyers say it is ‘sensible’ for landlords to consider commercial property

A pair of City lawyers have said that it would be ‘eminently sensible’ for buy-to-let investors to ‘do the maths’ and consider whether they would be better off investing in commercial property, but warn of ‘completely different legal principles’ as a raft of tax changes hit the residential sector.

Rufus Ballaster and Chris Picardo, Partners at Carter Lemon Camerons LLP, commented on the trend after working with a number of clients who are switching from an investment portfolio of residential investment property to an investment portfolio of commercial investment property.

Ballaster said: “The markets in terms of capital values and valuations have performed very differently between the residential and the commercial property sub-sectors over the last decade or so. But the nature of investment and conveyancing is similar and an experienced investor in residential stock should easily be able to consider the alternative of building a commercial portfolio.

“The major driver for this change of appetite is tax. UK Governments, of various party make up, in recent times have introduced more and more taxes said to be about ‘fairness’, but largely aimed at controlling what is seen as excessive growth in residential property prices, especially in the South East.”

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