Real Estate - Finance

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Recent Articles

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    20/02/2024
    United Kingdom

    Economic Crime and Corporate Transparency Act 2023: changes expected to come into force on 4 March 2024

    From Spring 2024 we expect the role of Companies House and the Registrar of Companies (Registrar) to change significantly from simply incorporating companies and being a largely passive information recipient and depository to being a pro-active regulator with clear objectives and the powers to fulfil them.Changes affecting the ongoing administration of companies and limited liability partnerships are also expected to come into force at the same time. Although no implementing regulation has been published yet, Companies House has announced that the date it is working to is 4 March 2024.The changes...
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    14/02/2024
    England and Wales

    The Leasehold and Freehold Reform Bill – Where are we now?

    SummaryFollowing publication of the Leasehold and Freehold Reform Bill (the “Bill”) on 27 November 2023, the Bill has been progressing through the legislative process. Thereafter we saw a call for evidence on 13 December 2023, the hearing of oral evidence and receipt of written evidence, as the Public Bill Committee proceeded to consider and debate various proposed amendments to the Bill now resulting in publication of a revised version. Report Stage (the last stage where amendments are discussed in the House of Commons, before the Bill has its third reading and is passed for consideration...
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    05/02/2024
    England and Wales

    Government consultation on requirement for information about contractual controls on land

    Summary The Government has launched a consultation on new regulations which will require the provision of certain information about agreements used to control registered land in England and Wales, intended to secure the land for residential, commercial or mixed-use development. The Government proposes that there will be a more transparent, publicly available data set of where and how land is under control, short of outright ownership. The regulations are expected to commence in April 2026 and will affect not only new agreements, but also existing agreements entered into from April 2021 and...
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    28/11/2023
    England and Wales

    Residential leasehold reform – draft legislation published

    SummaryJust weeks after we reported on the housing proposals referred to in the King’s Speech (Reforming the Housing Market: A word from the King (cms-lawnow.com)), the Government on 27 November 2023 introduced the Leasehold and Freehold Reform Bill (the “Bill”) to Parliament, the next step in its long-promised programme of reform to ‘improve home ownership for millions of leaseholders in England and Wales’.Whilst the Bill and many of its inclusions come as no surprise, there are some newly introduced provisions. It is focused on residential property and has wide-reaching...
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  •  
    23/11/2023
    United Kingdom

    Autumn Statement 2023 – Key tax announcements

    The Chancellor opened his speech with a statement that, “Our plan for the British economy is working, but the work is not done”.  Consistent, perhaps, with the tone of that message, yesterday’s announcements offered few real surprises, with the headline measures – on NI changes and full expensing – already widely anticipated.A summary of the key announcements follows.Tax measures for individuals (employees & self-employed)National Insurance Contributions (NICs) ratesIn relation to NICs, the Chancellor has announced the following.The main rate of Class 1 National...
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    10/11/2023
    England and Wales

    Government Consultation on capping existing ground rents

    Consultation The King’s Speech on 7 November 2023 marked the introduction of the much-anticipated proposals to reform leasehold home ownership. One of the key proposals noted related to the potential capping of existing ground rent for residential long leasehold properties in England and Wales. The purpose is to make the residential leasehold system more transparent, protecting the millions of people who own a leasehold property. The Government regard such existing ground rent as a historical anachronism with no legal requirement for the ground rent to be reasonable or linked to any...
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