Stamp duty cuts for commercial property?

After the hint of a stamp duty holiday brought the residential market to a standstill, fears that the commercial market could suffer the same fate are beginning to materialise. The Treasury has refused to discuss the details of the chancellor's next budget, but despite this, the possibility of commercial land tax relief being offered could not be ruled out.

It is true that capital land values would have to fall significantly further for this to happen, but with demand in areas such as the City remaining low and several tenants putting their requirements on hold, the possibility must not be overlooked.