Despite all the preamble in the run up to the Budget – there were very few measures that will have any major impact on the Commercial Property market.

Business Rates

A higher rate is to be introduced on properties with an RV over £500,000. The government intends to set the higher rate at 2.8p above the national standard multiplier. The high-value multiplier for 2026/2027 is set to bee 50.8p. This is aimed at online retail and warehousing but ultimately the cost will be applied to all sectors.

SDLT

No changes on this front, despite rumours in the run up to the Budget.

Capital Allowances

Full expensing is not affected and there is a new first year allowance of 40% for main rate expenditure. On the other hand writing down allowances is being reduced from 18% to 14% from April 2026.

Income Tax

From April 2027, individual landlords must pay an additional 2% of Income Tax on their property income whether they are a basic tax payer, a higher rate tax payer or an additional tax payer.

Please rely on your own enquiries on how the budget might affect you. Contact us, your accountant, or legal advisor to discuss further.