Partnership Taxation: who can be a partner?

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There are few restrictions on who can be a partner. Both natural and artificial persons, such as companies, can be partners. It is not a requirement of partnership that each member is physically capable of performing the full range of the activities of the partnership business

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Abolishing S21 without S8 fully ‘fit for purpose’ will have dire consequences

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Abolishing Section 21 without making Section 8 fully “fit for purpose� will have dire consequences on our housing supply.

Yesterday (15th April 2019), the government has outlined plans to consult on new legislation to abolish Section 21 in a bid to end so called ‘no-fault’ evictions.

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In the wake of Panorama

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Following the Panorama BBC TV Programme of 18th March 2019 the situation is that 60% of the tenants of Grice Close have now moved out. Who needs a Section 21 if you have Panorama! It does the job for you!

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Government announces sweeping reforms for PRS…

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Private Landlords:

The Government yesterday published its full response to a
recent private rented sector consultation for England titled: “Overcoming the
barriers to longer tenancies in the Private Rented Sector�.

This report says it sets out the Government’s commitment to
modernising the PRS and to introduce a “new, fairer deal for tenants and
landlords.� The Government says it will:

• End
  ‘no-fault’ evictions by repealing section 21 of the Housing Act
  1988 so that a tenant cannot be evicted from their home without a good reason.
• Strengthen
  the Section 8 possession process, so property owners can regain their
  home should they wish to sell it or move into it.
• Reform
  the court process for housing cases, so that landlords are able to
  swiftly and smoothly regain their property where they have a legitimate reason.

For tenants, the government says, it will improve security,
so they can put down roots and plan for the future with confidence. For
landlords it plans to provide a “robust legal framework, with straightforward
and swift possession processes.�

The Government also claims that the combination of these
reforms will deliver a more stable sector in which to invest, but removing
no-fault evictions is likely to pose a significant challenge for private landlords.

A consultation is
now to follow on how a better system can be brought about that will “work for
both landlords and tenants.�

James Brokenshire MP, Secretary of State for Housing,
Communities and Local Government

“The private rented
sector has changed dramatically over the last 30 years.

The proportion of
households has doubled. Half of them are families with children, and older
people, looking for a long-term home.

And yet one striking
characteristic persists. The majority of tenants are on short term contracts –
unsure if they can afford the next rent rise, or whether they might be asked to
leave if they make a complaint.

This instability and
lack of power is bad enough, but an unfortunate few also bear the cost of
unplanned and unwanted moves.

What’s more, many
landlords would also benefit from longer agreements – free from the fees and
hassle of unnecessary renewals. A minority already see this. And the measures announced
in the Housing White Paper mean most tenants in the build to rent sector are now
being offered a minimum of three years.

The answer lies in
good design. Models of the past have failed where they have regulated rents,
which history tells us doesn’t work, or restricted a landlord’s right to
repossess their property, risking a loss of vital supply.

That’s why I am
seeking views on a new model – one that balances tenants’ need for protection,
with landlords’ needs to regain their property when their circumstances change.

A model that gives
tenants certainty over rents, and retains the flexibility that many desire.

I think this is a
model that could work across the market, but I am keen to hear your views.

Together we can
achieve a market that delivers the protection and security that all tenants deserve.�

Response to the consultation: “Overcoming the barriers to longer tenancies in the Private Rented Sector� available here

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