The Government is consulting on the design of the new Residential Property Developer Tax, ahead of its inclusion in the 2021-22 Finance Bill. The tax is one of two revenue raising measures to help pay for the Government contribution to the costs of remediation of unsafe cladding.
As previously announced, the new tax is time-limited
Earlier this year, the UK Government reconfirmed its intention to bring forward residential leasehold reforms following the Law Commission’s recommendations last year. The proposed changes are expected to benefit up to 4.5 million leaseholders.
The news will no doubt be welcomed by leasehold homeowners who have been campaigning for changes to what they perceive to be unfair ground rent laws. However, the impact on developers, house builders and landlords, is less clear, but it is likely to affect the legal structuring of both the ownership and the ongoing management of new residential developments.
In this article, we consider what the proposed reforms are, when they are expected to come into effect and some of the potential implications on developer landlords or investors.Continue Reading Ground Rent Reform – what’s happening and when?
As we approach the June quarter day, it is not only landlords who will be keeping a close eye on rent collection. For lenders rent collection is also very important.
So far we have largely seen that lenders have been supportive of landlords in relation to unpaid rent for the March quarter day – in
The private rented sector (PRS) in the UK has grown significantly in the last decade and the multifamily sector in particular has attracted substantial investment from new overseas investors, with Greystar, Atlas and Courtland each gaining a foothold in the UK market.
According to the British Property Federation (BPF), there are currently over 150,000 multifamily