Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
The General Register of Sasines dates back to 1617 and is the oldest national land register in the world. This system has become outdated and impractical so has been gradually replaced since 1981 by the Land Register.
If you or your business acquired rural or commercial land more than 20 years ago, it is most likely recorded in the General Register of Sasines rather than registered under the land registration regime.
From 1 April 2015 the Land and Buildings Transaction Tax (“LBTT”) regime came into effect imposing a duty on commercial tenants to submit a return every three years. The first cycle of these three yearly returns arose in April 2018, and significant penalties can be incurred for late submission or failure to submit.
A recent survey of the UK commercial property market has revealed a bit of mixed picture, with occupier demand falling in the office and retail sectors but conditions remaining firm in the industrial segment.
