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...
Read MoreNet 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...
Read MoreThe Deregulation Act 2015
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...
Read MoreProperties on the market
A new month and a new page added to the Land Partners website with the launch of two properties to the market – one for sale and one to let. Land Partners’ first foray into the land sales market comprises a block of c.85 acres of predominantly arable land near Cambridge. The land is classified Grade 2 and is good cereal growing land in a convenient location. Interest has already been strong and further interest is anticipated following on from the advert in the Farmers Weekly on 6th July. The land is available at a guide of £700,000. On the lettings front, Kentishes Farmhouse is a handsome...
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