The end of nil-valuations for high-rises?
The UK and the EU are currently negotiating the terms of an implementation period to commence after our withdrawal from the EU. The government has published a proposed policy statement on 28 February 2018 on the status of EU citizens arriving in the UK post 29 March 2019, during the implementation period or ‘transition’ period as it has sometimes been called. This new policy statement is a significant change to previously published statements on the status of EU nationals arriving after 29 March 2019.
The key provisions are as follows:
Although this policy statement provides more certainty for EU nationals than was previously the case, there are still a number of unknowns. For example whether EU nationals arriving during the transition period will need to do more than simply accrue 5 years’ residence to qualify for ILR. The UK government has said that it will waive the requirement for non-working EU nationals living in the UK on or before 29 March 2019 to have comprehensive sickness insurance in order to qualify for settled status. It may not be so generous towards EU nationals arriving after 29 March 2019.
This statement represents the latest counter offer from the UK during the on-going negotiations regarding the withdrawal agreement between the UK and the 27 members of the EU but was immediately rejected by the European Parliament on 1 March 2018. We will therefore have to watch this space to see if the UK government can be persuaded to provide equal treatment to EU citizens arriving both prior to and during the transition period, as is being demanded by the EU27.
Please click here for a link to the policy statement.
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