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UK Real Estate ESG Update

2024 continues to deliver waves of ESG-related news, updates and developments. In this latest ESG Update Robert Gowing considers the challenges inherent in the planning system when it comes to adapting or upgrading heritage...more

UK: The new Green Lease Toolkit – a ‘market standard’ or something better?

The Better Buildings Partnership’s launch of their heavily revised and updated Green Lease Toolkit, at the end of January, has undoubtedly galvanised the conversation about green leases....more

ESG: Sustainability concerns see green leases evolve in the UK

With landlords and tenants increasingly recognising the value of well-managed, energy-efficient buildings, the demand for drafting ever more detailed green leases looks set to grow....more

UK: HMRC changes to notification process for opting to tax on land and buildings

Whilst the default position is that supplies of land and buildings are usually exempt from VAT (the sale of new commercial buildings excepted), landowners of commercial property will often choose to opt to tax their property...more

The Supreme Court decides on COVID-19 business interruption coverage – What does this mean for real estate?

The Supreme Court has dismissed insurers’ appeals and substantially allowed the FCA’s appeal in the conclusion of the FCA test case litigation. The result means significantly greater coverage of claims and the focus will now...more

What’s happening with the Retail Prices Index and why?

Speedread: Alongside Wednesday’s Spending Review, the government and the UK Statistics Authority (UKSA) have published their response to the recent consultation on reform to the RPI. The outcome to the consultation states...more

UK COVID-19 – The FCA Business Interruption Test Case ruling – the end of the ‘Covid clause’ in leases?

This week the High Court has delivered its eagerly anticipated ruling in the FCA Business Interruption Test Case. The case was brought by the Financial Conduct Authority on behalf of business interruption policyholders, with...more

A sign of the times – Land Registry start accepting electronic signatures

The Land Registry has announced this morning that, with immediate effect and until further notice, they will accept for registration transfers, leases and certain other deeds which have been electronically signed....more

SDLT: same tax; different filing window

From 1 March 2019 the window to file a Stamp Duty Land Tax (“SDLT”) return, and pay any SDLT due, will reduce from 30 days to 14 days from the effective date of the transaction....more

Dancing To The Wrong Tune? Theresa May’s Additional SDLT Levy On Foreign Buyers

Theresa May’s announcement at the Conservative Party conference that foreign investors into the UK property market were going to be targeted with an additional SDLT levy has caused further consternation within the industry....more

RPI and SDLT – the silver lining of a flawed measure of inflation

With the Retail Prices Index back in the news again after rail commuters were hit by the biggest annual increase in fares for five years, the debate has resurfaced about whether it is time for the RPI to “RIP”. The Office...more

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