Conveyance of business establishments

 

The transmission of business establishments, commonly referred to as conveyance business, continues to exist and to be a swift and safe way to sell your business establishment.

 

AREAGESTxxi has, at your service, a team of professional consultants with great experience in many sectors of activity, especially in restoration.

 

We have been, over the last few years, responsible for the conveyance business of a several emblematic business establishments in Lisbon, particularly in the restoration and liquor sector, like as the Braancafé, the Confeitaria Nortenha, the Real Fábrica, the Moinho Vermelho, the Café Canas or the Sushi San.

 

If you want to conveyance your business establishment, whether it is a bar, a restaurant, a snack-bar or a pastry, or want to purchase a property for conveyance, do not hesitate to contact us.

 

 

KNOW MORE ABOUT CONVEYANCE OF BUSINESS

 

 

CONVEYANCE BUSINESS CONCEPT

The conveyance business consists in the transmission of the tenant position without the agreement of the landlord. However, the landlord has the preference right on the conveyance business and it should be communicated to him.

With conveyance business, in addition of the change of tenant, all the tangible and intangible assets that are part of the establishment are also transmitted to the new tenant, for example the furnishings, the utensils, the merchandise and the clients.

 

CONVEYANCE BUSINESS MODE

The conveyance business, or the transmission of a business establishment, can be done by a particular document, meaning, conveyance business contract or transmission of a business establishment contract agreement. 

 

TAX IMPLICATIONS OF CONVEYANCE BUSINESS

The conveyance business, or the transmission of business establishments, is not subject to VAT (value added tax), because the transmission of a patrimony, or part of it, which is likely to constitute a self-employment business, it is not considered a sale.

However, the conveyance business, or the transmission of a business establishments, is subject to stamp duty land tax. The payment must be done for the new tenant and the value it is 5% of the conveyance business value (Item 27 of the Stamp Duty Land Tax General Table).

 

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A sociedade responsável, Almendras XXI, Lda. com sede na Av. Almirante Reis, n.º 28, R/c, Dto., 1150-018 Lisboa, tratará os dados pessoais por si facultados para efeitos de futuro contato e apresentação de propostas ou serviços. Estes dados são para uso exclusivo da AREAGEST XXI e não serão transmitidos a terceiros sem o consentimento dos próprios. Informações não pessoais recolhidas pela AREAGEST XXI através da nossa página, ou por outros meios, podem ser utilizados para fins estatísticos, sendo a identidade dos utilizadores sempre protegida. Nos termos da Lei n.º 67/98, de 26 de Outubro, é garantido o direito de acesso, retificação e eliminação dos dados pessoais acima indicados. Se não pretende autorizar o tratamento comercial dos seus dados pessoais ou quiser efetuar a sua alteração ou eliminação, deverá contatar-nos enviando um e-mail para geral@areagestxxi.com.