What will be the impact of tax on capital gains for overseas buyers?
From April 2019, non-UK investors will be taxed on gains from investing in UK land. Currently only closely held residential land is caught, but this will be extended to sales of UK land or ‘property-rich’ vehicles (deriving at least 75% of their value from UK real estate). The tax rate ...
How significant are recent cases on business rates avoidance?
In a recent combined test case (Rossendale BC v Hurstwood Properties & Wigan Council v Property Alliance Group), the Court of Appeal had to deal with an argument put forward by councils that challenged commercial property owners’ ability to organise their affairs to avoid liability for business rates on vacant ...
What does the latest ruling on telecom mast rent mean for landowners?
The Upper Tribunal (Lands Chamber) has dealt a hammer blow to landowners in its latest decision under the new Electronic Communications Code, confirming the view that the consideration (rent) payable under new code agreements imposed by the tribunal will be significantly lower following the introduction of the code, in light ...
Will Rosewell planning report findings make a difference?
The government has been quite vocal about putting housing front and centre of its domestic policy agenda and now it must be seen, quite literally, to put its money where its mouth is. The recent publication of both a National Audit Office report and an independent review of the planning ...
What does Canary Wharf v EMA ruling mean for the industry?
In one of the most anticipated judgments of the year so far, Marcus Smith J has held that Brexit will not frustrate the European Medicines Agency’s lease at Canary Wharf, in a wide-ranging judgment of interest to property and commercial litigators.
Why is the London office market still booming despite Brexit?
The London office leasing market ended 2018 on a high, even with all the uncertainty over Brexit. The city currently stands in third place behind Hong Kong and Tokyo as the world’s most expensive office market.
What could changes in drone regulation mean for the industry?
Drones have a number of commercial applications from aerial photography to assisting the emergency services – and, potentially in the near future, parcel delivery. Yet the recent incidents at Gatwick and Heathrow have brought into focus the question of how to regulate the use of these remote-controlled aircraft.
What does 2019 have in store for the serviced office market?
What a year we have ahead of us. In 2019, many leases will expire, Brexit will continue to bring uncertainty and new accounting standards will mean greater scrutiny of balance sheets as leases are recorded as assets and liabilities. I believe this could be the perfect opportunity for the flexible ...
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