Buying Commercial Property

Q: What taxes apply when buying commercial property?

Two in particular. Stamp duty on commercial, or non-residential, property is charged at a flat rate of 7.5%, paid by the buyer and calculated on the VAT-inclusive price. VAT may also apply: the sale of a newly developed commercial property, broadly one developed within the previous twenty years, is generally subject to VAT at 13.5%, while older property is usually exempt, and in some cases the parties can jointly opt to apply VAT. We advise on the position early so that the full cost of the purchase is clear.

Whether you are buying your first commercial premises or expanding a business portfolio, it is essential to have experienced conveyancing professionals on your side to keep the transaction legally compliant and structured in your best interests. At McCarthy + Co, we provide first-rate guidance to investors and business owners throughout the process of buying commercial property.

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Office buiding representing commercial property to buy

Expert Legal Assistance in Commercial Property Acquisition

Buying commercial property is a significant undertaking, with implications for your board, your investors, and your team. At McCarthy + Co Solicitors LLP, our conveyancing team is led by Joseph McCarthy, and our commercial conveyancing solicitors handle acquisitions of every size, from a single unit to a substantial portfolio. We manage all aspects of a commercial purchase, including:

Due diligence – We carry out thorough due diligence to confirm that the property meets all legal, regulatory, and environmental standards.
Contract negotiation – We negotiate on your behalf to secure terms that protect your interests and support your business goals.
Regulatory compliance – We help you navigate Irish property law and regulation, so that your transaction is compliant and efficient.
Lease agreements – Whether you are taking a lease or granting one, we draft and review the agreements to safeguard your rights and interests.
Dispute resolution – Where disputes arise, our negotiators and litigators are ready to represent your interests robustly and effectively.

Why Choose McCarthy + Co as Your Commercial Conveyancing Partner?

Our team offers a professional, meticulous, and responsive service to business owners, portfolio managers, and investors. Clients return to us because of our:

In-depth knowledge – We have a deep understanding of the Irish commercial property market, allowing us to give advice that is both insightful and practical.
Tailored solutions – Every business is different, so we provide personalised legal solutions that align with your specific commercial objectives.
Nationwide service – We act for clients across Ireland and bring a broad perspective on regional property trends, requirements, and opportunities.
Transparent communication – We are known for a clear, responsive service, and we translate complex legal points into language that makes sense for your business.

To talk to us about buying commercial property, complete our confidential property consultation form, and a member of the team will arrange an appointment with one of our conveyancing solicitors.

“I would highly recommend McCarthy + Co. I have used their services twice now for both business and personal reasons and cannot say enough about the level of care, sensitivity and professionalism used on each occasion. I felt informed every step of the way. They took something quite daunting and overwhelming to me and made the journey so much easier and straightforward.”

Catherine

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Meet Joseph McCarthy

Joseph McCarthy is a partner at McCarthy + Co Solicitors LLP and has been an integral member of the team since 2013. He is a highly experienced conveyancing solicitor who helps our clients move through property transactions with a problem-solving approach and a genuine commitment to making the experience as straightforward as possible.

Joseph’s client-focused mindset shapes his work, as he is known for keeping clients well informed and connecting them with the right expert whenever a matter calls for specialist input. If you are buying commercial property and would like trusted, attentive advice, you can contact Joseph directly at joseph@mccarthy.ie.

Joseph McCarthy, Associate Solicitor, Wills & Probate

Frequently Asked Questions

Questions we are often asked in relation to buying a commercial property.

Why should I use a solicitor to buy commercial property?

A solicitor helps ensure the purchase is legally compliant and that your business interests are protected. We conduct due diligence, review the title and the property details, and handle the contract negotiations. We advise on planning, environmental regulations, and potential liabilities, manage the transfer of funds, prepare and execute the legal documents, and liaise with the other parties involved, such as estate agents and local authorities. With our team on your side, you reduce the legal risks and keep a significant transaction running smoothly.

What should I consider when buying commercial property?

Several factors matter. Key considerations include the location and accessibility of the premises, how well the property fits your business needs, and its potential for capital appreciation or rental income. It is important to check the planning permission and zoning, environmental matters, and any property-specific constraints. Legal due diligence, including verifying the title and reviewing any leases in place, is essential, as is understanding the tax implications, the financing options, and any future development plans for the area. Our team can advise on each of these.

What taxes apply when buying commercial property?

Two in particular. Stamp duty on commercial, or non-residential, property is charged at a flat rate of 7.5%, paid by the buyer and calculated on the VAT-inclusive price. VAT may also apply: the sale of a newly developed commercial property, broadly one developed within the previous twenty years, is generally subject to VAT at 13.5%, while older property is usually exempt, and in some cases the parties can jointly opt to apply VAT. We advise on the position early so that the full cost of the purchase is clear.

What does due diligence on a commercial purchase involve?

Due diligence is the investigation we carry out before you commit. It typically covers the legal title and any rights, charges, or restrictions affecting the property, confirmation that the planning permission and building regulations have been complied with, and a review of any environmental issues. Where the property is tenanted, we examine the leases and the income they produce, and we check service charge arrangements, rights of way, and any management company obligations. The aim is to make sure there are no surprises after completion.

Why invest in commercial property in Ireland?

Ireland’s commercial property market remains attractive for a number of reasons. A stable, growing economy, a competitive corporate tax rate, a skilled workforce, and well-developed infrastructure continue to draw international investors. In cities such as Dublin, Cork, and Galway, demand for office and retail space can support rental growth, and commercial property can offer returns through both rental income and capital appreciation. It also offers portfolio diversification, with a different risk and return profile from traditional investments such as shares and bonds.