Legal Updates

28 July 2016

Government publishes guidance on changes to tax relief for residential landlords

In Budget 2016 the Government announced that from April 2017 the tax relief that landlords of residential properties get for finance costs will be restricted to the basic rate of income tax. On 20 July 2016, the new guidance was published and is summarised here. 

Katie Allard

13 May 2016

Foreign companies to be required to declare their owners when buying property in the UK

Press reports of this week’s Anti-Corruption Summit, hosted by David Cameron, coincided  with the story of actress Emma Watson allegedly buying a UK property through a BVI company. While investment in UK property through offshore companies is perceived as a principal means by which corrupt individuals seek to launder dirty money, Mr Cameron accepts that there are many legitimate reasons for corporate property investment. 

Jim Sawer

1 April 2016

Court of Protection - challenges and tips for Deputies when buying a property abroad

As a professional Deputy acting for clients with large awards of compensation, either because of medical negligence or personal injury, the purchase of property is an issue I deal with frequently. In most cases, the order appointing a Deputy restricts the authority to buy or sell property without first obtaining the permission of the Court.

In this blog, Simon Hardy looks at the challenges and tips for Deputies when buying a property overseas.

Simon Hardy

6 October 2015

CDM Regulations 2015 – It’s time to say farewell to CDM Co-ordinators

6 October 2015 marks the end of the six-month transitional period under the CDM Regulations 2015, which was granted by legislators to Clients (i.e. persons “for whom a project is carried out”) to allow them to replace CDM Co-ordinators appointed prior to 6 April 2015.  As of 6 October 2015, the role of the CDM Co-ordinator (pursuant to the CDM Regulations 2007) ceases to exist.  All Clients must have terminated any CDM Co-ordinators appointments and brought Principal Designers (“PD”) on-board.  Please note that Principal Designers must be appointed in writing for projects with more than one contractor (this may mean one main contractor and a sub-contractor) (see regulation 5.1).

25 August 2015

Building contracts: The importance of accurate and clear Interim Applications and Pay Less Notices

The recent decision of Mr Justice Akenhead in Henia and Beck Interiors ([2015] EWHC 2433 (TCC)), provides some helpful guidance regarding the validity of Interim Applications for Payment and Pay Less Notices

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