Real Estate

Reminder of temporary changes to late Capital Gains Tax filing penalties and SDLT holiday

By Harry Pattihis

CGT · On 6 April 2020, the deadlines for reporting and paying Capital Gains Tax for the disposal of UK residential property changed. · HMRC announced that between 6 April…

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Help to Buy deadlines extended

By Sophie Maryan

· The government announced extra measures on 31 July 2020, in order to protect existing customers using the Help to Buy government scheme. · The deadlines for homebuyers will be…

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Jenrick announces reform to England planning system

By Gemma Sullivan

· On 21st July 2020 the Housing Secretary Robert Jenrick announced the creation of a new fast track approval process which will allow homeowners to add up to two additional…

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Government proposes reform of the Use Class Order

By Daniel Glinert

· The government has announced changes to Town Centre Use Classes, which will provide more flexibility for changes in uses without the need for planning permission as high streets and…

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Law Commission recommendations to transform future of home ownership

By Alicia Pattihis

• On the 21st July 2020, the Law Commission of England and Wales published recommendations for transforming home ownership in England and Wales. • These reforms could help the owners…

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Chancellor Rishi Sunak confirms immediate stamp duty land tax cut

By Alicia Pattihis

· Rishi Sunak has announced that people purchasing properties of up to £500,000 will not pay Stamp Duty Land Tax changes in order to encourage homeowners to move and to…

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Publicity and consultation requirements to be eased to help planning system operate during COVID-19

By Gemma Sullivan

On 13 May the Ministry of Housing, Communities and Local Government (“MHCLG”) announced a series of measures to support house building during the COVID-19 pandemic, including flexible working hours to…

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Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020

By Alicia Pattihis

· New electrical safety regulations came into force on the 1 June 2020 that will require landlords to have their properties’ electrical installations inspected and tested by qualified and competent…

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Help To Buy Scheme Extension

By Alicia Pattihis

The Government has recently confirmed it will extend its Help to Buy equity loan scheme from 2021 to 2023. The extension however will be limited to first-time buyers buying new-build properties. We act for a number…

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Housing Secretary announces government plan to re-start housing market

By Alicia Pattihis

·  The Housing Secretary Robert Jenrick has announced that from 13th May anyone in England can move home, providing they follow new guidance. · More than 450,000 people have had…

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COVID-19 – IMPACT FOR COMMERCIAL PROPERTY

By Katie Froude

Alok Sharma has announced that the government is setting out measures in order to protect High Street shops and companies who are suffering, due to coronavirus, and are under strain…

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COVID-19 – IMPACT FOR COMMERCIAL PROPERTY

By Daniel Glinert

Lease Forfeiture Moratorium • With business tenancies a landlord cannot forfeit a lease, by proceedings or otherwise, for non-payment of rent between 25th March 2020 and 30th June 2020. The…

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Change in deadlines for filing and paying CGT on the disposal of UK property

By Alicia Pattihis

· From 6 April 2020, HMRC changed the deadlines for filing and paying Capital Gains Tax (CGT) for a disposal of an interest in a UK property. · The changes…

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Implications of the COVID-19 pandemic in the UK Construction Industry 

By Omiros Christodoulides

The COVID-19 pandemic has had an unprecedented impact on the global economy and the construction industry is no exception. Governments around the globe have restricted movement and the UK Government has urged the…

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Energy efficiency is changing

By Dee Puckering

From 1st April 2018 any new tenancies created in England and Wales were obliged to meet the Government’s Minimum Energy Efficiency Standard (MEES). It meant that properties which required an…

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Liquidated Damages following Termination – Triple Point Technology Inc v PTT Public Co LTD [2019]

By Omiros Christodoulides

The Facts Triple Point Technology Inc (TPT) contracted with PTT Public Co Ltd (PTT) to provide a software system. The project was to be completed in two phases and each…

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The value of partnering with the right legal team

By Alicia Pattihis

Borrowers underestimate how many people need to work together for a loan to go from application to draw down. The borrower frequently has just one point of contact; the broker.…

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Budget 2018: Stamp Duty Land Tax and Housing

By Alicia Pattihis

In the October 2018 Budget, the Chancellor of the Exchequer announced that stamp duty relief will be extended for first-time buyers purchasing shared equity houses of up to £500,000. This…

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Regulations in force to deal with client money protection scheme for property agents

By Philip Ross

The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018 (SI 751/2018) (CMPSPA Regulations 2018) came into force on 21 June 2018. This sought to…

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Court of appeal identifies that buildings are “indefinitely variable in character and function”

By Philip Ross

Grosvenor (Mayfair) Estate v Merix International Ventures Ltd and another [2017] EWCA Civ 190, saw the Court of Appeal’s consideration over whether or not an unoccupied property that had been…

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Stamp duty land tax (SDLT) in Wales to be replaced by a Welsh land transaction tax (LTT)

By Philip Ross

The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill, which will replace stamp duty land tax (SDLT) in Wales with a Welsh land transaction tax (LTT), received Royal…

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New mandatory conflicts of interest requirements for UK commercial property investments will take effect from 2018

By Philip Ross

New mandatory conflicts of interest requirements for UK commercial property investments will take effect from 1 January 2018 as introduced by the Royal Institute of Chartered Surveyors (RICS). The requirements…

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