Commercial and non-residential property purchases have 30 days to remit the tax payment to HMRC, a slightly longer extension than for a residential transaction. The 30 days commence on the day the sale completes.
Most buyers will use a solicitor to manage the property deeds and financing, so they will organise the payment on your behalf to ensure you do not receive a penalty.
Stamp Duty is payable by all buyers, whether a company or an individual, a private investor or an overseas organisation.
Please send a message to Revolution Finance Brokers at any stage if you would like more information about non-residential Stamp Duty rates, or planning for your commercial property purchase.