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Business Category

24th April 2020
Since the introduction of the Government’s ‘Stay at home, stay safe’ policy to tackle the Covid-19 pandemic, those of us who are able to work from home have done so. However, not everyone has this option, and many businesses have been forced to close, while others are suffering from the immediate financial damage caused by the loss of trade, the enforced change in our spending…
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24th February 2020
One of the things that we get asked as Real Estate Solicitors is to help our Landlord Clients get Tenants into occupation of their commercial premises within a matter of days.   Even the best of us will have trouble settling a Lease in a few days, so often the idea is mooted to put the Tenant in “under Licence” as a short-term measure.   Sometimes, other…
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17th January 2020
Although Brexit is not yet fully settled, much economic uncertainty has been removed by the resounding victory of the Conservative Party in the General Election on 12th December 2019. So what effect will this have financially for you? The Conservatives have indicated a budget in early March, with promises of tax cuts, which could encourage further spending to assist UK economic recovery. However, the UK…
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22nd November 2019
Leases granted after 13 October 2003 for a term of more than seven years are compulsorily registerable with HM Land Registry. As a Landlord you may think that this is purely a Tenant’s problem, however from a Landlord’s perspective it is important that you ensure your Tenant registers their Lease, as failure to do so will have implications for you as well as your Tenant.…
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08th November 2019
When you hear the term “Stamp Duty”, you may automatically think of Stamp Duty Land Tax, the tax you pay on the acquisition of a “land interest”, such as your house. However, this is not the case, and in fact, Stamp Duty and Stamp Duty Land Tax are two different taxes. Stamp Duty is a tax on documents, one of these documents, which is the…
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20th September 2019
Prospective clients looking for a law firm may find the Legal Services Consumer Panel’s Tracker Survey of 2019 interesting reading. The report is based on findings from a YouGov survey of more than 3,500 users of legal services over the last two years and so is a significant sample. The findings, in this time of comparison websites, that ‘shopping around’ is often a bad thing for…
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16th September 2019
Most commercial leases are drafted to benefit landlords, particularly regarding repair, condition and decoration. Often, leases are fully repairing, obliging a tenant to upkeep, repair, and maintain the property without contribution from the landlord. Generally, a lease may oblige the tenant to put and keep the property in good and tenantable repair and condition. Depending on the state of repair of the property when the…
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03rd September 2019
When buying a property, the standard deposit expected on exchange of contracts is 10 per cent of the purchase price. Of course, the nature of a deposit is to show a buyer’s good intentions and allow a seller to rely on the same, as leverage, to ensure their buyer fulfils their obligations under the contract. The deposit therefore acts as adequate security to ensure a…
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09th August 2019
Benjamin Franklin said that the only two certainties in life are death and taxes. However, taxes can be minimised with better organisation, the full use of allowances and taking appropriate professional advice. There is a personal income tax allowance of £12,500 and further allowances against income from shares and savings. Those in a marriage or civil partnership can tax plan effectively for income, capital gains…
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17th June 2019
If you have been gifted a property or have acquired one at a significantly reduced price, you may wonder at your good fortune. What you may not have considered, however, are the potential implications of the Insolvency Act 1986 (as amended by the Insolvency Act (No 2) Act 1994) and its long-reaching impact. If at some point in the chain of title, which includes all…
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