Buying property as a juristic person under the NCA

[Eugene]

I agree Duncan and cannot understand the rationale behind it (apart from being a loophole). I will see if I can source some research papers done prior to the Act being introduced to see if one can understand why this provision was put in.

[duncan drennan]

Maybe it actually makes a lot of sense in that it empowers actual companies (i.e. people actually trying to carry on a trade) to purchase property. Think about a small startup that needs to invest in capital and premises. They have nothing (except debt) to begin with. The NCA could potentially stunt business growth if applied to this situation. The government (maybe?) has effectively said that a company can live or die by its own sword in this regard.