Commercial property development is less taxing?

The world of commercial property is please that the SDLT that?s stamp duty land tax will only apply to residential developments. If the tax had been a blanket tax across the industry the results could have been very severe. The world of commercial property has suffered heavily as a result of the lending drought. The industries life blood is cash, the sector requires large sums of money for gearing, acquisition and development. The prospect of having to find another 5percent on deals would have made many more borderline and left more and more vacant sites.