VAT, Commercial Property and the Option to Tax

VAT, Commercial Property and the Option to Tax

The default position is that commercial properties are exempt from VAT.  This means that the purchase or leasing of the property would not attract VAT on the purchase price or rent. However, it is not as simple as that and an owner of commercial property can elect to...
Common Questions from Developers on Residential Leases

Common Questions from Developers on Residential Leases

The current leasehold reform is changing the landscape of residential new build plot sales, both in terms of substance and policy. It is understandable therefore, that when property developers are readying their sites for plot sales there is an element of uncertainty...
Residential Landlord- Warning after £40,000 fine issued

Residential Landlord- Warning after £40,000 fine issued

The law for landlord and tenants is constantly changing.  As such it is vital that landlords make themselves aware of the changes and review their properties on a regular basis to ensure they are compliant.  The rules for properties occupied by more than one household...
Adverse possession – exclusive possession & physical control

Adverse possession – exclusive possession & physical control

Adverse Possession is the term used when a party claims ownership of land not because they can produce documents proving they have bought it; had been gifted it or had inherited it; but on the basis they have occupied it for a sufficiently long period of time and meet...
Moving property yourself? Have you considered your contents insurance?

Moving property yourself? Have you considered your contents insurance?

There are many costs involved when you sell your property and move into another, which can add up, making the whole process quite expensive. Consequently, sellers are looking at ways to reduce the costs, including choosing online estate agents rather than traditional...
Buying a tenanted buy-to-let investment property

Buying a tenanted buy-to-let investment property

When purchasing an investment property that is let to tenants, there is a whole host of additional information that you should have sight of in addition to what you would normally expect to see when buying your own home. The additional information is a requirement of...