Lamport Bassitt Solicitors - Legal News - Business owners 'increasingly interested in purchasing commercial property'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Business owners 'increasingly interested in purchasing commercial property' Business owners in the UK are increasingly interested in purchasing the commercial properties that they rent, it has been suggested. Standard Life now has 1,000 commercial properties which are held by customers on its invested personal pension (Sipp) platform, the Financial Times reports. According to the publication, most of the people who buy a commercial property through their Sipp do so to hold the property in their business in a more tax-efficient way. Among the people identified as particularly keen to engage in this practise are dentists, doctors, lawyers and accountants. Commenting on his firm's experience, Billy Mackay, marketing director at A J Bell, said: "We are not seeing a huge change in behaviour, in terms of people rushing in, but we are seeing more inquiries from people who are in a position to buy their business property." Earlier this month, CB Richard Ellis released figures which suggested that commercial property prices increased by 0.2 per cent in July. Related Articles: 20/1/2012 - Private rented sector demand 'strong' 19/1/2012 - UK property returns on the up 17/1/2012 - Student accommodation 'offering strong returns' 30/12/2011 - Barriers to private rental sector to be focus of govt review 23/12/2011 - Landbanking companies ordered into liquidation More Property Law News