20 March 2024
Unpicking Hunt’s axing of MDR
Tax experts could have been forgiven for taking a sharp intake of breath when chancellor Jeremy Hunt announced that multiple dwellings relief (MDR), a staple of the residential stamp duty land tax (SDLT) world, was to be abolished.
15 March 2024
Increased Civil Penalties under the Right to Rent Scheme: Implications for Landlords
The Immigration Act 2014 governs the ‘Right to Rent’ across the private sector in England. All landlords have a responsibility to verify the immigration status of prospective tenants. Failure to comply with the Right to Rent regulations can result in severe civil penalties imposed on landlords who are found to have tenants residing in their properties without the legal right to rent.
14 March 2024
Going under offer: How to buy a prime property from a receiver
This blog was first published by PrimeResi on 12 March 2024.
In light of recent economic conditions, there have been an increasing number of high-end properties, in London and across the country, being sold by receivers. Properties being sold by receivers can pose an interesting opportunity for buyers as they are often sold at a competitive price and the receivers will want to deal with any sale quickly. But what are the risks of purchasing a property from a receiver and can they be alleviated in any way?
12 March 2024
Spring Budget analysis: changes to Empty Property Relief will put further financial pressure on landlords.
In the Spring Budget, the Chancellor announced that from 1 April 2024, business premises must be re-occupied for at least 13 weeks rather than 6 weeks in order to qualify for a further period of empty rates relief when that period of occupation ends.
11 March 2024
So you’ve made a million through crypto investing....Now what do you do?
If you have been able to safely make your way through the minefield of the possibilities of being de-banked, finding yourself the subject of probing questions by the NCA, or having your assets frozen (and if any of those happens then you should really be speaking to our criminal team) then you might be wondering whether you are able to use your profits to invest in a much less volatile and more traditional asset – a property. In theory, yes you can, but not all conveyancers will be prepared to take receipt of your funds for fear that those funds could be directly or indirectly the proceeds of criminal activity, despite your best intentions.
