What effect is the new stamp duty on leases having on your b
It adds to cost of purchasing pubs." TD Ridley & Sons "Introducing shorter leases or switching to tenancies as a preferred option." Tadcaster Pub Company "Limited impact at present." Hall & Woodhouse "It's an increased cost to licensees and seen as a barrier to entry." Charles Wells "Pretty neutral." Belhaven "Very little. We operate traditional three-year tenancy agreements." Pyramid Pub Management "We are offering free' stamp duty on 10-year leases so we envisage this affecting our profits by up to £500,000." London & Edinburgh Inns "Minimal on the majority of lets, but massive impact on the small minority." Pub Estate Company "None. We will work around the new duty by offering appropriate lengths of lease." Rosemount Taverns "Small, due to currently only having five-year leases." George Gale "We are less likely to take new leases." Wizard "Any increase is difficult." Taverna Inns "It's yet more stealth taxation. It will make the decision to lease, rather than tenant, slightly more painful. However, over the long term, good lessees, through developing quality businesses, will still reap the rewards when they sell on their successful pubs." Sovereign Inns "It will not stop our acquisition of new sites for future growth." Cains "It will cost approximately £25,000 more per pub acquisition." Yates Group "It will cost more than £500,000 in tax in 2004." Barracuda "The introduction of the tax will have a short-term effect on accelerating some deals and delaying others." Unique "Having to race to complete two leases before the end of November to save on the stamp duty increase." Bulldog Pub Company "It's a negative a real concern." Oak Taverns "It's very intrusive and restrictive. Overall, a negative issue for us." Bath Ales "Little, at present, but it could affect us greatly." Geronimo "Significant. We will seek to include in rent agreements and avoid longer-term leases." Camelot Inns & Taverns. "On the standard three-year tenancy very little." Daniel Thwaites "Minimal, as the majority of our tenancies are three years and we have no plans to issue longer leases." St Austell
