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Property legal opinion

Comment from legal experts about legislation affecting the property sector.

John Cook (left) and Mathew Ditchburn

Why CVAs fail more often than not, especially for landlords involved

17 February 2017

In March 2016, BHS entered into a company voluntary arrangement (CVA) with its creditors, designed to transform the company’s fortunes and avoid full-blown insolvency. Just a few weeks later, the retailer collapsed into administration.

Legal consultation

Relying on section 49 LPA 1925 – can you be rock solid?

7 February 2017

The payment of a deposit by a buyer to a seller under a contract for sale is a fundamental part of a transaction since it comprises the “consideration” that all first year law students learn is necessary – along with offer and acceptance – for the formation of a binding agreement between parties.

Dunton Hills Garden Village

Uncertainty remains over garden villages and starter homes

1 February 2017

Already this year, the government has announced the locations for 14 garden villages and bolstered affordable housing by stating that the first starter homes will be built across brownfield sites in 2017, through the first wave of 30 local authority partnerships established under the £1.2bn Starter Homes Land Fund.

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Landlords must assume tax relief changes will come into force in April

20 January 2017

Currently, buy-to-let landlords can deduct their finance costs, including mortgage interest, from their rental profits before calculating their taxable income.

Brexit

2017 Predictions: how will Brexit affect UK real estate in the coming year?

3 January 2017

Since the outcome of last June’s EU referendum there has been ongoing uncertainty over its impact on the UK real estate market.

Carnaby St Christmas lights Shaftesbury 636

Who’s paying for Christmas?

22 December 2016

Shopping centres face big competition in the lead up to Christmas.

Housing

2017 Predictions: is B2L ready for new interest restriction rules?

19 December 2016

New interest restriction rules are due to take effect in April 2017 and in the worst case scenario they could mean that some individual B2L landlords are forced to pay tax even when they make a loss.

House repairs

Repairs or improvements – an important distinction

30 November 2016

When properties are assessed for rates, they are assumed to be in repair, to prevent owners from allowing them to decline in order to avoid rates.

Case news

Legal consultation

Relying on section 49 LPA 1925 – can you be rock solid?

7 February 2017

The payment of a deposit by a buyer to a seller under a contract for sale is a fundamental part of a transaction since it comprises the “consideration” that all first year law students learn is necessary – along with offer and acceptance – for the formation of a binding agreement between parties.

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