Becket House, the Central London head office of Ernst & Young, is being offered up as a reliable investment opportunity for anyone with a spare £25,000.
Accountancy Age, 01 Jun 2004
According to citywire.co.uk, investors are being offered a £25,000 investment in the £76m property situated on Lambeth Palace Road opposite the Houses of Parliament.
The opportunity should be an attractive one for investors, with 84% of the rent guaranteed by the government until 2014.
And investors who hold on for two years will pay no stamp duty or land tax and will pay only 10% capital gains tax on profits, as they will qualify for business asset taper relief, under rules introduced into the legislation on 6 April 2004.
Charles Fry, director of Pinder Fry & Benjamin, which is offering the property, says the partnership offers 'highly advantageous CGT tax benefits'.
The race to become the biggest firm on the planet...
Comments
Have your say on this article