commercial property acquisitions | acquisitions and sales

Commercial Property Acquisitions & Sales

Starting, growing, and running a business can bring many opportunities and challenges. P A Duffy is here to assist and guide you through those challenges and opportunities that are complex and can benefit from or require the assistance of specialised Legal expertise.

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How our Commercial Solicitors can help:

• Partnerships, joint ventures, and shareholders agreements

• Drafting of commercial documents and agreements, such as Terms and conditions of business, supplier agreements, distribution agreements etc.

• Franchising

• Employment Law

• Commercial Disputes

Who we can help and how.

Bringing a deep and far-reaching experience means we can provide expert and pragmatic assistance to a range of businesses and business owners including start-ups, partnerships, self-employed, family-owned businesses, and international companies.

How we can help

Whatever your business goals are, our commercially focused solicitors operate as a key part of your advisory team, working with you to achieve your goals and add real value to your business.

Our specialised commercial solicitors will help you to grow and develop your corporate and strategic objectives.  We will assist you at every stage of your business life cycle, from formation to sale or exit.

We pride ourselves on how we build long-term relationships with our clients, ensuring we understand in depth the industry sectors you operate in and what is important to you. 

Call us on 028 8772 2102 (Dungannon/Belfast).


Why choose P.A. Duffy & Co. to be your commercial & corporate law advisers?

• Pragmatic advice with a cost-effective and practical approach

• We provide you with accurate and transparent pricing so you can manage your budget effectively

• Practical support and advice, which is jargon-free

• Focus on helping you to achieve your business goals

• Specialised, expert knowledge across a range of industries

• Significant expertise across a range of Legal issues

What our clients say about us

“We find PA Duffy & Co to be a very professional & efficient firm to work with. Dealing with Jenny & Kieran primarily we find them extremely helpful. We would highly recommend PA Duffy & Co.”

“I have been using the services of P.A. Duffy and Company for the past number of years in various property sales and purchases. I have developed an excellent business relationship with Kieran and his conveyancing team who are always very responsive to my concerns and any issues that arise. No problem is too big or too small!”

“I had my first dealings with P.A. Duffy back in 1981 and still rely on their experience, professionalism, and responsiveness to navigate through the legal system. Emma and the team looked after a recent sale, everything went like clockwork, and if I needed any help or advice they were there every time. Brilliant service. Many thanks to all the team at Dungannon.”

How long does it typically take to complete a commercial property sale?

The time it takes to complete a commercial property sale in Northern Ireland can vary significantly based on various factors, including the complexity of the transaction, the parties involved, and any legal or financial issues that may arise.

The total duration of a commercial property sale in Northern Ireland typically ranges from 3 to 6 months, but it can extend beyond this in more complex cases. It's essential to have experienced legal and financial professionals to guide you through the process and help ensure a smooth and efficient transaction.

Keep in mind that this timeline is a general guideline, and individual cases may vary. The specific circumstances of the transaction, such as any legal or financial complications, can influence the timeline significantly.

Are there specific taxes associated with commercial property sales in Northern Ireland?

Taxes can significantly impact the overall cost and financial aspects of a commercial property transaction. The main taxes to consider include:

• Stamp Duty Land Tax (SDLT): SDLT is a tax paid by the buyer on most commercial property transactions in Northern Ireland. The rate and amount of SDLT depend on the purchase price of the property. There are different SDLT bands and rates, with higher rates applied to more expensive properties. It's important to calculate and budget for SDLT when planning a commercial property purchase.

• Capital Gains Tax (CGT): CGT may apply to sellers if they make a profit on the sale of a commercial property. The rate of CGT depends on various factors, including the seller's overall income and whether they qualify for Entrepreneur's Relief (now known as Business Asset Disposal Relief). The rate can range from 10% to 20%.

• Inheritance Tax: If the property forms part of the owner's estate upon their death, it may be subject to inheritance tax. The rules and thresholds for inheritance tax are complex and can depend on the value of the estate and any available exemptions.

Tax planning is an essential aspect of the overall financial strategy for any commercial property sale or purchase in Northern Ireland. Our expert team will be able to ensure we work with you and assist you with a financial plan.

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Speak to us with No Obligation

Our team of expert solicitors will be happy to assist you with your enquiry without any obligation to use our services. Contact us using your preferred method and we will gratefully assist.
Contact Details
Call Us From Northern Ireland
028 8772 2102Mon-Fri 9am-5pm
Call Us From Republic Of Ireland
01 533 7860Mon-Fri 9am-5pm

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Our Commercial Property Solicitors

Kieran QuinnKieran QuinnDirector
Emma McCaulEmma McCaulSolicitor
Ellen BatesEllen BatesTrainee Solicitor
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