1. New obligation to check tenants’ residential status
New checks are being phased in which require landlords to verify the immigration status of prospective occupiers before granting a residential tenancy or risk a penalty of up to £3,000 for each breach.
2. Pilot scheme started 1 December 2014 in the West Midlands
On 1 December Read More
You may be surprised that measurement variations across different world markets can be as high as 24%, according to JLL http://ipmsc.org/. Standards for measuring buildings vary enormously, with some jurisdictions including common space such as lifts and hallways in floor area measurements and others even including swimming pools and car parks. All this Read More
The changes announced on 3 December to the calculation of Stamp Duty Land Tax on residential property (see Chancellor slices up SDLT) will similarly modify the way in which the tax is calculated when claiming Multiple Dwellings Relief.
Before 4 December 2014, the rate of SDLT applicable to a qualifying transaction in ‘multiple dwellings’ Read More
Today, the Law Commission released its long-awaited report on the reform of the archaic law on rights to light, following consultation with the real estate industry last year.
The Law Commission’s aim has been to strike a balance between the competing interests of those with the benefit of rights to light and those wishing to Read More
The final measure announced in the Chancellor’s Autumn Statement was the one that took listeners by surprise: a major reform of Stamp Duty Land Tax on residential property transactions. Not only that, but the changes take effect from midnight tonight (3 December).
Crucially, the system has changed from a “slab” system to a “slice” system Read More
Hogan Lovells hosted the Reading Real Estate Foundation Breakfast Forum (RREF) on 18 November. RREF is a registered charity and has been set up to provide support for real estate and planning education at the University of Reading.
The event featured presentations by: