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Commercial Property Category

08th June 2016
It is estimated that there are 5.2 million properties at risk of flooding in England alone according to a recent publication by the Environment Agency.  In most cases flood insurance is available through your standard provider as part of your buildings and contents cover. However, areas at risk of flooding may be subject to much higher premiums and excesses or you may find that insurers…
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10th March 2016
As a landlord you may have one or a number of freehold properties in your portfolio leased to residential tenants. You may receive a small rental income from these flats and also benefit from any premiums to be paid should the tenants wish to extend their leases. But beware - you could be faced with a dwindling portfolio due to what is known as ‘Collective…
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21st December 2015
George Osborne’s Autumn Statement and Spending Review on Wednesday 25th November was seized upon by some as a U-turn damaging his austerity credentials. It was certainly surprising to hear the Chancellor reversing his tax credit proposals, offering significant incentives to home buyers and ensuring that pensioners continued to be treated as almost a special case – all made possible from reduced Government debt charges and…
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04th December 2015
Stamp Duty on Property was abolished in 2003 and replaced with the confusing and similarly named Stamp Duty Land Tax (SDLT).  Whereas the old Stamp Duty was based on a value stated in the document, SDLT is a tax on an Owner/Tenant not on the Property itself. In addition the old Stamp Duty rules were relatively straight forward whereas SDLT is assessed on the basis…
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12th November 2015
“Break Clause” is the name given to a clause in a lease allowing the tenant or landlord to terminate a lease early. Exercising a break clause ends the lease. This can be useful if, for example, you are staring a new business and you aren’t sure you will need the lease for the whole term. The right to break the lease may arise on one…
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28th October 2015
In recent years there has been increasing pressure on HM Revenue and Customs (HMRC) to prevent tax avoidance and evasion in order to increase tax revenues. The vast majority of tax on individuals in the UK is collected by self-assessment. Tax Returns can be filed online and tax due calculated by online systems. It is therefore possible for HMRC to be completely unaware if a…
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