Leaseholders may now have to pay more for extensions or purchasing the Freehold

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The Court of Appeal has ruled in favour of the trustees of the Sloane Stanley Estate, which owns freeholds in Chelsea.

The case of Mundy vs the Sloane Stanley Estate was a landmark ruling for valuing leases with under 80 years left on the term.

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Community Infrastructure Levy (CIL) payable or not?

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I have a vacant disused warehouse. I have received planning permission to convert into three dwellings. The current floor space is over two stories is 300m2. A new third floor is being added increasing the floor space to 399m2

My question is as my net gain is just under 100m2 gain am I exempt from paying CIL tax?

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Foursome want to split tax efficiently

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Nine years ago my wife, myself and two friends did two Joint developments. Land registry and mortgages in all 4 names, but our tax lives are massively different now. Whilst we have a good amicable relationship I would like to figure out how we “de-link”

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PPR scenarios for Non-UK Residents?

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Hello. I was wondering if anyone knew whether PPR Relief still applies against CGT even after you have become non-UK Tax Resident, where the PPR Relief relates to the period when you were still UK Tax resident? Can you use PPR Relief in conjunction with the rule that allows non-UK tax residents to only be subject to CGT in respect of property from 6 April 2015?

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Rules HMO licence to be strengthened from April

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HMO Licensing changes:

Landlords renting out ALL multi-occupied properties in England, those occupied by five or more people, from two or more separate households, whether they are 1, 2 or 3 storeys, will need to hold a house in multiple occupation (HMO) licence.  The previous Housing Minister Alok Sharma had announced that this will apply from April 2018.

The new measure, which will affect about 160,000 landlord houses not previously caught by the mandatory licensing regime, follows a consultation and is yet subject to parliamentary approval.

Under the current regime a property has to comprise three or more storeys to be caught, so bringing the requirement for ALL those properties with 5 or more tenants from two or more separate households represents a major change for thousands of landlords.

Minimum room size requirements for bedrooms in HMOs to help prevent overcrowding are also due to be brought into force.

The Department for Communities and Local Government, now renamed the “Ministry for Housing, Communities and Local Government” (MHCLG) under the new Housing Minister, Dominic Raab said:

“As part of the licencing requirements, local councils will be able to make sure only rooms meeting the standard are used for sleeping”.

All bedrooms used by one adult will have to be no smaller than 6.51 square metres, and double bedrooms for two adults will have to be no smaller than 10.22 square metres. Childrens’ bedrooms for up to 10 years will have to be no smaller than 4.64 square metres.

The HMO licence will have to specify the maximum number of persons who may occupy any room in the house, and the total number across the different bedrooms must be equal to the number of persons for whom the property is suitable to live in.

The MHCLG has also set out details of criminal offences which will automatically bar someone from being a landlord or agent. As from April, anyone convicted of offences such as burglary and stalking can be added to the database of rogue landlords or agents and be barred from renting properties.

Landlords will also be held responsible for making sure the council’s rules on refuse storage, collection and recycling are followed by tenants in their properties.

Alok Sharma had previously said:

“Every tenant has a right to a safe, secure and decent home. But far too many are being exploited by unscrupulous landlords who profit from providing overcrowded, squalid and sometimes dangerous homes.

“Enough is enough and so I’m putting these rogue landlords on notice – shape up or ship out of the rental business.

“Through a raft of new powers we are giving councils the further tools they need to crack down these rogue landlords and kick them out of the business for good.”

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