Creative Reuse: The Opportunities and Challenges of Converting Office Space to Residential
Welcome to the latest edition of Overriding Interest. Inside this issue: - New Joiners - Articles of Interest - Events - Case Reports...more
It's now been more than four months since the Building Safety Act 2022 (BSA) introduced new requirements that sought to improve the overall safety of high-rise buildings that have some element of residential use. Incepted to...more
Historically, the United Kingdom has lagged behind the likes of Dubai, South Florida, New York, Hong Kong SAR and Singapore in the branded residences space, as us Brits have tended to prefer traditional house living. However,...more
The King’s speech announced a new Leasehold and Freehold Reform Bill ‘to reform the housing market by making it cheaper and easier for leaseholders to purchase their freehold and tackling the exploitation of millions of...more
MEES Regulations have meant that since 1 April 2020 landlords of residential property have been prohibited from letting out properties below a minimum EPC rating of E unless they have registered an exemption. With the last...more
Having recently come into force on 23 January 2023, the Fire Safety (England) Regulations 2022 (‘FSR’) impose fresh obligations on the ‘responsible person’ (‘RP’) of existing multi‐occupied residential buildings. This is...more
The Fire Safety (England) Regulations 2022 (Regulations) came into force on 23 January 2023. Government guidance to accompany the Regulations was published in December 2022. The Regulations introduce new, additional...more
It was a relatively light Budget for the real estate sector. Highlights included the long-awaited announcement of the rate of the residential property developer tax and some reform of business rates....more
Following publication of the new Residential Property Developer Tax for technical consultation, we examine when this tax will be charged and the types of development activities that will bring developers within scope. The...more
A tax on failure - The two taxes in England on the occupation of property are non-domestic rating (business rates) and, for domestic rating, council tax. Pre COVID, business rates yielded £30bn and council tax £36bn...more
This briefing summarises the key announcements in the Spring Budget from a funds perspective: including the UK funds review, the SDLT surcharge for corporate and individual non-resident purchasers of UK residential property...more
In contrast to recent years it has been a quiet Budget for real estate tax. In particular, there was no big announcement of any further levelling of the playing field between resident and non-resident investors in UK land:...more
The residential market has attracted a huge amount of attention and pledges of reform from all sides of the house. There has been a constant stream of consultation on both long leaseholds and short term lets. ...more
This blog examines the complexities of Agent of Change cases from our experience acting for developers and venues alike and, in particular, considers the concept and use of noise easements to resolve and manage noise issues...more
The recent case of Fearn & Others v The Board of Trustees of the Tate Gallery [2019], concerned a dispute between the Tate Modern and its residential neighbours over the Tate’s public viewing platform. The case makes clear...more
You should read this blog if you are a landlord of residential properties let on assured shorthold tenancies, as it provides a short summary of the impact of the new Tenant Fees Act 2019. As of 12 February 2019 landlords...more
From 1 October 2018, the government’s clampdown on so called “revenge evictions” has been extended to all existing assured shorthold tenancies, including those which pre-date the commencement of the Deregulation Act 2015....more
Thanks to the popularity of short term lettings, we are benefiting from a wealth of choice and flexibility in holiday accommodation. Wherever the destination, there will certainly be unique properties available at reasonable...more
Implementation of the 6 April 2017 tax changes applicable to non-domiciled individuals, offshore trusts and UK residential property has been delayed because of the forthcoming UK General Election on 8 June 2017. Whilst it is...more
Sweeping changes being introduced in the United Kingdom for non-domiciles (non-doms) will take effect from 6 April 2017. These changes are significant and will affect all non-doms. Our recommendation is that non-doms review...more
New UK Chancellor Philip Hammond gave his first Autumn Statement on 23 November 2016. Whilst there were no further details relating to the reforms of the taxation of non-UK domiciliaries and UK residential property, the...more
The UK Government has published a consultation document and draft legislation relating to the reforms of UK residential property taxation that are due to take effect from 6 April 2017. The new rules mean that most UK...more
Following the United Kingdom’s General Election in May, George Osborne, Chancellor of the Exchequer, gave the new government’s first budget speech on 8 July 2015. In his speech, Mr Osborne announced some changes to the tax...more