Real Estate

3 03, 2021

The Budget 2021

By |2023-12-20T10:58:58+00:00March 3rd, 2021|Finance, Real Estate, Tax|

The Chancellor’s Budget speech had far less in it than had widely been expected.  In short – there were no tax rises (other than corporation tax). Here are some of the key points: Stamp Duty Land Tax The temporary increase in the residential SDLT Nil Rate Band to £500,000 has been extended to 30 June 2021. From 1 July 2021, [...]

17 12, 2020

Shared Appreciation Mortgages

By |2020-12-17T11:42:45+00:00December 17th, 2020|Banking & Finance, Finance, Real Estate, Real Estate|

Visit our dedicated Shared Appreciated Mortgage page If you have any questions about Shared Appreciated Mortgages (SAMs), you may find the answer on this page. Once billed by the Banks as one of the best and most generous retirement mortgages on the market, SAMs offered customers the opportunity to release up to 25% of the value of their property. The [...]

15 12, 2020

HMRC change of policy on SDLT

By |2023-12-20T12:56:36+00:00December 15th, 2020|Banking & Finance, Real Estate, Real Estate|

HMRC change of policy on SDLT on certain acquisitions of mixed-use property HMRC has clarified its position that the higher rates of Stamp Duty Land Tax (often referred to as the 3% surcharge) do not apply to the residential element of an acquisition of mixed-use property where a claim to multiple dwellings relief is also made. The way the complex [...]

20 10, 2020

Stamp Duty Land Tax surcharge

By |2023-12-20T13:02:26+00:00October 20th, 2020|Real Estate, Real Estate, Services, Tax|

Frequently Asked Questions about: Stamp Duty Land Tax – surcharge for non-residents Raising taxes on property has been an easy target for the government for a number of years.  Aside from increasing the scope of capital gains taxes on property, particularly on non-residents, the 3% surcharge for second properties was one of a number of changes aimed at specifically increasing [...]

3 07, 2020

Landlord and tenant update

By |2023-12-20T13:17:40+00:00July 3rd, 2020|Real Estate, Services|

Landlord and tenant update - July 2020 Restrictions extended and a new code of practice Since the Coronavirus Act 2020 (“the Act”) came into force on 25 March 2020, there have been a number of updates and new measures introduced by the Government. This note takes a look at the key changes which landlords and tenants should be aware of. [...]

8 06, 2020

Stamp Duty Land Tax Relaxation

By |2023-12-20T13:24:29+00:00June 8th, 2020|Real Estate, Services, Tax|

Relaxation of 3 year rule for reclaiming 3% Stamp Duty Land Tax supplement Since 2016 purchasers of second homes have been subject to an additional 3% supplement on the SDLT they pay.  This rule generally does not apply to individuals who buy and sell their main residence on the same day. However, where a seller has been unable (or unwilling) [...]

30 10, 2018

Budget 2018: Key points

By |2019-09-23T11:33:29+01:00October 30th, 2018|Corporate, Employment, Real Estate, Services, Tax|

There was more content to the Chancellor’s Budget than was expected.  Here are some of the most note-worthy announcements. Property As previously announced, with effect from April 2019, all non-residents who realise a gain on the sale of UK land, whether commercial or residential, will be subject to tax in the UK.  They will also be subject to tax on [...]

17 09, 2018

Energy Act 2011: Minimum Energy Efficiency Standards Regulations 2015 (MEES) and the Impact on Landlords

By |2018-09-26T14:44:23+01:00September 17th, 2018|Real Estate, Real Estate|

New energy efficiency regulations are in place that may prevent a landlord renting out a building with an energy efficiency rating of F or G. Introduction From 1 April 2018, both residential and commercial landlords have had to ensure that their properties meet the Minimum Energy Efficiency Standards Regulations 2015 (MEES). If a landlord holds an EPC showing an energy [...]

4 04, 2017

Shared Appreciation Mortgages – Potential Claim

By |2020-12-15T17:09:58+00:00April 4th, 2017|Dispute Resolution, Real Estate, Real Estate|

Christopher Philpot, Senior Associate in Teacher Stern’s dispute resolution department, has been interviewed on the BBC’s One Show in relation to a potential claim being organised against both Bank of Scotland and Barclays for compensation relating to Shared Appreciation Mortgages that were sold between 1996 – 1998. The programme was aired on BBC One on Monday 3rd April 2017 at [...]

6 03, 2017

Meet Our Real Estate Team in Cannes During MIPIM 2017

By |2017-03-07T09:55:30+00:00March 6th, 2017|About Us, Our People, Real Estate, Real Estate|

A number of Partners from Teacher Stern's Real Estate team will be in Cannes from 13-17 March 2017 during MIPIM. If you would like to meet up with any of our team then please do get in touch with any of the following: Phil Berry – view Phil's contact details Laura Brown -view Laura's contact details Claire Gibson -view Claire's contact details Victoria [...]

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