11:12 AM, 19th April 2022, About 2 years ago 3
Hi, I’m in the process of purchasing a mixed-use commercial premises. It consists of a leasehold 3 bed maisonette. The Freehold title includes a barbershop below.
The vendors are a father (freeholder) and a son (leaseholder). Their solicitor is asking to split the transfer deed to divide the purchase price between the leasehold and freehold titles.
I believe I can’t buy both as a single entity but am also concerned that dividing the price may also impact the SDLT I need to pay. i.e. a commercial unit and a residential unit each calculated separately rather than a mixed-use commercial rate on the total price, which is considerably less.
Any advice gratefully received.
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