It is no secret that this is a challenging time for the hotel industry in London with peak prices, a shortage of viable sites, uncertainty over labour and rising costs and taxes. Notwithstanding, one London Borough has decided that hotels should also be doing their bit to address the housing crisis. In its draft City
Monthly Archives: November 2018
Tenant’s Right to Manage – A damp squib?
As the number of people in privately rented accommodation increases, the ability of tenants to manage their homes in a way that works for them is becoming increasingly important. The Right to Manage (“RTM”), which landlords cannot contract out of, was introduced to give tenants of flats more control if they are dissatisfied with the
Structures and Buildings Allowance: What a relief for construction costs
Whilst capital allowances have been available for plant and machinery that forms an integral part of buildings, there has been no relief available for the capital investment to construct most structures or buildings themselves. Until now… The Chancellor announced in the 2018 Budget that the government will introduce a new Structures and Buildings Allowance (“SBA“)
SDLT: same tax; different filing window
From 1 March 2019 the window to file a Stamp Duty Land Tax (“SDLT”) return, and pay any SDLT due, will reduce from 30 days to 14 days from the effective date of the transaction. As a reminder, generally the “effective date” is the date of completion. However, where a contract for the sale of