Cladding Tax to Cost Britain’s Biggest Housebuilders £205m Per Year The cladding tax introduced in Wednesday’s Budget could cost the nation’s biggest housebuilders £205m a year. On Wednesday the Chancellor confirmed a new Residential Property Developer Tax will be introduced from April next year to ‘ensure that the largest developers make a fair contribution to…
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Court of Appeal clarifies meaning of ‘vacant possession’ in break clauses
A vacant possession obligation in a property lease break clause only required the tenant to return premises to the landlord free of people, chattels and legal interests, and was not concerned with the physical condition of the premises, the Court of Appeal has ruled. Overturning a decision of the High Court, the Court of Appeal…
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ARE YOU HAVING PROBLEMS WITH YOUR COMMERCIAL RENT
ARE YOU HAVING PROBLEMS WITH YOUR COMMERCIAL RENT If your business is struggling to pay its rent and has fallen into arrears, then landlords have been placed under restrictions for an extended period regarding the tools they have to enforce the rent arrears against your business. The most notable restriction being the ability to…
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Debt Respite
There are two types of breathing space: a standard breathing space and a mental health crisis breathing space. Where there is a difference between them, we’ll refer specifically to either a standard breathing space or a mental health crisis breathing space. Where there is no difference, we will simply refer to a breathing space. •…
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