The Law Commission has recently announced plans to reform the English leasehold property system. The stated intention behind the Law Commission’s proposals is to make the system easier to use and more comprehensive for the parties involved. The Leasehold Reform (Ground…
The March 2021 Budget extended the Stamp Duty Holiday which will now end on 30 June 2021 with a further transition period for the nil rate band. This briefing explains the changes made to Stamp Duty Land Tax (SDLT) during…
The Chancellor’s Budget 2021 (3 March) was somewhat less dramatic than the expected increase in capital taxes. There was however no reprieve for the proposed weighty surcharge additions to the Stamp Duty Land Tax (‘SDLT’) regime in the UK applicable…
Further to my previous briefing “Tenant protections extended and expanded”, this month has seen further changes to the possession claims regime in England and Wales for both commercial and residential properties, some of which come into force today, 21 September…
Reduced rates of Stamp Duty Land Tax (SDLT) will apply for residential properties completing between 8 July 2020 until 31 March 2021. The following rates apply for: First time buyers Purchasers who are not first time buyers but this being the only property…
Following the Government’s guidance to stay at home unless absolutely necessary, there has been some confusion over whether home-buyers and sellers can continue to market their houses, proceed to exchange contracts, or complete their purchase or sale when they are…
The coronavirus outbreak is already having a significant impact on businesses both large and small, with the knock-on effects resulting in many businesses and individuals struggling to meet their obligations under rental agreements. The government has made several announcements over…
Under the current law,[1] a developer can make an application to the Upper Tribunal (Lands Chamber) to discharge or modify covenants if the Court is satisfied that the covenant impedes some reasonable use of the land, such as it being contrary…
In the Autumn Statement 2015,[1] the government announced, amongst other things, that it will reduce the stamp duty land tax (SDLT) filing and payment window from 30 days to 14 days. The change will be introduced by the Finance Bill…
In the UK there are two main types of legal ownership of a property: freehold and leasehold. As a first-time buyer, it is possible that you might be looking to purchase leasehold property. If you are looking to buy a…
