Golden Brick is a mechanism which allows a developer of a new build residential property to sell a partly-constructed building and for the sale to be treated as a zero-rated supply. This will be beneficial to both the developer (where
More about A walk down the golden brick road – VAT, golden brick and modern methods of constructionThe Levelling-up and Regeneration Act 2023 (“LURA”) is an act with a broad scope. One of the facets of LURA is the new ability for the government to create additional ways of requiring anyone to provide information about interests and
More about Big Brother could soon be watching you… even more closelyBiodiversity net gain (“BNG”) refers to the objective to contribute to the recovery of nature and improve biodiversity post-development. From January 2024 (or April 2024 in respect of small sites), developers applying for planning permission in England will be required
More about Buy one, get one tree – Biodiversity net gain in development transactionsAdministration is a procedure under insolvency legislation to provide a company, limited liability partnership or partnership with some breathing space to allow a more advantageous realisation of assets to be put in place. These assets could be interests in property
More about Buying property from administrators – Distressed asset salesThe Levelling-up and Regeneration Act 2023 (“LURA”) contains powers to “transform our town centres by giving councils the powers to work directly with landlords to bring empty buildings back into use by local businesses and community groups, breathing life back
More about Currently vacant high street property? Watch out for compulsory rental auctionsIn the recent case Lendlease v Aecom the Court had to consider and answer the following questions in relation to a consultancy appointment – it should be a lesson to all dealing with development documents: If an appointment/contract includes a
More about Executing legal documents – Limitation traps for the unwaryThere is a lot of fresh regulation for real estate investors to consider. Over recent years we have been updating you on the range of initiatives which fall under the head of corporate transparency. This article sets out a few
More about Helping real estate investors keep on top of transparency disclosuresWhen a tenant breaches a covenant in a lease, most leases give the landlord a right to forfeit the lease (i.e., to terminate the lease and regain possession of the property). The kind of covenant breaches giving a right to
More about Non-payment of rent: Be careful not to waive goodbye to the right to forfeit