Since the downturn, bridging the gap between buyer and seller price expectations has been a constant challenge and for some time the gap was just too big for many to give serious consideration to a transaction. However, in recent years we have seen more deal activity where buyers and sellers are willing to be more open to finding innovative solutions in bridging the gap.
2019 was an interesting year for deal-making as despite the political and economic challenges, there were a number of notable transactions closing across a range of sectors including energy, food & drink, technology and construction. Although deal volumes involving large corporates were reduced, I agree with a number of my peers that a number of transactions were put in a holding pattern towards the end of last year, and would anticipate discussions to reconvene now that there appears to be greater market stability in which to transact.
It looks like time is about to be called, albeit initially gently, on the significant tax breaks enjoyed by many pensioners retiring to Portugal.
The Scottish budget for 2020/21 has been delivered, but what does it mean for the Scottish taxpayer?