Where is the silver lining?

Posted by on Apr 21, 2016 in Residential Property | Comments Off on Where is the silver lining?

It has been clear since the late spring of 2015 that confidence is waning in the agricultural land market. Prices achieved in mid 2015 were in many cases lower than those in 2014 and by the end of 2015 a continuing crisis in confidence was resulting in guide prices coming down and properties failing to find a buyer. It is not all doom and gloom. Recent research has suggested that land prices across England rose marginally in 2015 but there is little doubt that the trend has been negative in the East of England. Essex saw over 4,000 acres in the market but divided between 21 locations this...

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SMOKE AND CARBON MONOXIDE ALARM (ENGLAND) REGULATIONS PASSED

Posted by on Oct 7, 2015 in Residential Property, Tenancy | Comments Off on SMOKE AND CARBON MONOXIDE ALARM (ENGLAND) REGULATIONS PASSED

THE NEW REGULATION On 11 March 2015 it was announced that landlords would be required to install and check smoke and carbon monoxide alarms in their residential properties.  New regulations were passed by both Houses of Parliament on Monday 14 September 2015. The Regulations effect England only and came into force on 1st October 2015. The Government has introduced the Smoke and Carbon Monoxide Alarm Regulations (2015) to make landlords in the private rented sector in England responsible for ensuring that smoke and carbon monoxide detectors are appropriately installed and are in proper...

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Net tightens on Inheritance Tax relief for Furnished Holiday Lets

Posted by on Jul 8, 2015 in Research, Residential Property, Tax, Uncategorised, Uncategorized | Comments Off on Net tightens on Inheritance Tax relief for Furnished Holiday Lets

HMRC have recently won a tribunal decision that confirms that inheritance tax relief will only be available on furnished holiday lets (FHL) in exceptional circumstances. Simon Dixon Smith of Land Partners comments ‘the newly released case of Green v HMRC confirms that the majority of holiday lettings businesses will not attract inheritance tax relief. This will be costly to the families of holiday cottage owners’. It is estimated that there are over 75,000 units of FHL in the UK. Many of these will have been purchased for the primary benefit of the owners with holiday lets offered as a way...

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The Deregulation Act 2015

Posted by on Apr 14, 2015 in Deposit, Research, Residential Property, Tenancy | 0 comments

On 26 March 2015 the Deregulation Act 2015 received Royal Assent and brings important legislative changes in deposit protection and Section 21 notices. The changes made attempt to clarify the issues created by the court cases of Superstrike vs Rodrigues and Charalambous vs Ng. Tenancy Deposit Protection and Section 21 Notice – What the changes mean- Summary If you have taken a deposit on any Assured Shorthold Tenancy (AST) before April 2007 and it is not protected then the deposit must be protected and Prescribed Information (PI) served, otherwise you will not be able to issue a...

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SCHEME UPDATES FROM LAND PARTNERS LLP

Posted by on Apr 10, 2015 in Research, Uncategorized | 0 comments

Hopefully you are now registered on the Rural Payments online system. If not, ring 03000 200 301 now! This remains a condition of entry for all schemes. Basic Payment Scheme The paper based application forms for 2015 (form BP5) will be emailed to registered applicants from next week for completion by 15th June. The forms look similar to the old SP5 claim forms. Note that there are 22 pages of new crop codes (e.g. winter wheat changes from OT1 to AC66). New information required for the claim mainly centres on the need to specify EFA areas. Where relevant for the EFA you will need to have...

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