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Practice notes
What is a rent deposit?A rent deposit is a sum of money that is deposited by a tenant when it takes a lease of premises as security against the...
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9th Nov
Practice notes
Subject to contractIf a party who strikes a bargain wishes to make it clear that it does not intend to enter into a binding contract until a formal...
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9th Nov
Practice notes
What is a headline rent?In a falling market, landlords frequently offer tenants financial inducements to take a lease in order to maintain the level...
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9th Nov
Practice notes
The rule against derogation from grant applies in addition to any obligation of quiet enjoyment. It is not excluded by an express covenant for quiet...
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9th Nov
Practice notes
TrespassTrespass is the unlawful presence of a person on land in the possession of another. The ownership of land includes the airspace above it....
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9th Nov
Practice notes
What is a letter of non-crystallisation?A letter of non-crystallisation is required by a buyer’s/lender’s solicitor to confirm that:•a floating charge...
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9th Nov
Practice notes
Sale by a mortgagee destroys the equity of redemption in the mortgaged property. The sale defeats the rights of all subsequent incumbrancers, whose...
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9th Nov
Practice notes
Generally, the tenant remains liable for the rent even though the premises have become unusable. Consequently, leases normally contain a provision...
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9th Nov
Practice notes
The implied or deemed surrender and re-grant of a lease arises where an agreed variation of the terms of the original lease is so fundamental that the...
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9th Nov
Practice notes
Contracts are often drafted on the basis that a condition or conditions must be satisfied before completion takes place (a condition precedent)....
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9th Nov
Practice notes
Nature of an easementAn easement is an incorporeal right enjoyed by the owner of a legal estate (dominant tenement) over land in the ownership of...
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9th Nov
Practice notes
A good marketable title is shown where a seller is able to deduce a good title to the property he has contracted to sell. The seller is not required...
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9th Nov
Practice notes
Coronavirus (COVID-19): This Practice Note contains guidance on subjects potentially impacted by the government’s response to the COVID-19 outbreak....
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9th Nov
Practice notes
Joint insuranceJoint insurance arises where two or more people insure separate insurable interests in the same property with the same insurer under a...
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9th Nov
Practice notes
Brexit: The UK left the EU on 31 January 2020. This has implications for the schemes providing for agricultural subsidies in England and Wales, which...
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9th Nov

Most recent Property taxes content

Q&As
We have assumed that:•the premises are in England•the outgoing tenant's lease has come to an endOccupied hereditaments—liabilityAn occupier of the...
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15th Jan
Practice notes
Business assetCapital gains tax (CGT) may be payable on a gain from the disposal of all or part of a business asset.What is a business asset?A...
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15th Jan
Practice notes
Basic principleAn individual works out the gain or loss when land is disposed of in the same way as for other assets. There are some special rules for...
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15th Jan
Practice notes
Discretionary reliefUnder section 47 of the Local Government Finance Act 1988 (LGFA 1988), charities occupying commercial property qualify for a...
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15th Jan
Practice notes
Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency provisions, both of a temporary and permanent nature....
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15th Jan
Practice notes
What is an Enterprise Zone?Enterprise Zones (EZs) are designated areas of land that offer a range of benefits to businesses, with the aim of...
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15th Jan
Practice notes
Expenditure incurred on or after 29 October 2018 on non-residential structures and buildings which does not qualify for plant and machinery allowances...
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Produced in partnership with Martin Wilson 14th Jan
Practice notes
FORTHCOMING CHANGE relating to SDLT for non-residents buying residential property: As announced at Budget 2018, confirmed at Spring Budget 2020 and...
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12th Jan
Practice notes
FORTHCOMING CHANGE relating to SDLT for non-residents buying residential property: As announced at Budget 2018, confirmed at Spring Budget 2020 and...
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12th Jan
Practice notes
Multiple dwellings relief (MDR) applies to certain transactions that involve an acquisition of at least two dwellings or an acquisition of one...
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12th Jan
Practice notes
This Practice Note provides an overview of land transaction tax (LTT) which replaced stamp duty land tax (SDLT) in Wales with effect from 1 April...
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Produced in partnership with Andrew Evans 11th Jan
Practice notes
Land transaction tax (LTT) replaced stamp duty land tax (SDLT) in Wales with effect from 1 April 2018.This Practice Note examines how LTT is...
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Produced in partnership with Andrew Evans 11th Jan
Q&As
It depends. The size of the land indicates to some extent that this is might be a ‘mixed-use’ transaction for the purposes of stamp duty and land tax...
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Produced in partnership with Sean Randall of Blick Rothenberg 8th Jan
Practice notes
This Practice Note is about the VAT treatment of residential service charges.Service charges payable to landlordsService charges are often payable to...
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Produced in partnership with Martin Scammell 8th Jan
Q&As
It is assumed that the land is in England or Northern Ireland.Stamp duty land tax (SDLT) is payable on the grant of a lease on any premium given by...
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Produced in partnership with Sean Randall of Blick Rothenberg 8th Jan
Practice notes
This Practice Note sets out the general treatment of partnerships for stamp duty land tax (SDLT) purposes, including what amounts to a partnership for...
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Produced in partnership with Kevin Griffin 8th Jan
Q&As
There is no specific relief or exemption for non-profit organisations. A relief applies to charities and charitable trusts. ‘Charity’ takes its...
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Produced in partnership with Sean Randall of Blick Rothenberg 8th Jan
Q&As
As a general rule (subject to some exceptions), for stamp duty land tax (SDLT) to apply to a land transaction, there must be chargeable consideration....
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Produced in partnership with Mary Ashley of 15 Old Square 8th Jan

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