Plan to abolish tax-free exit payments dropped

May 31st, 2017

A plan to abolish the £30,000 tax-free sum currently applicable to payments in compensation for loss of employment, which had been included in the Finance Bill, has been dropped from the Finance Act 2017. Under the present arrangements, the first £30,000 of any redundancy payment or loss of employment payments is exempt from income tax. … Continue reading “Plan to abolish tax-free exit payments dropped”

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Continuing concern over whistleblowing

May 31st, 2017

The new Government will be under pressure to provide greater protection for whistleblowers, amid ongoing concerns that staff continue to be punished for speaking out. There are particular concerns about issues in the NHS, where there has been longstanding criticism about the treatment of those who highlight mistakes or malpractice. In a scathing report, the … Continue reading “Continuing concern over whistleblowing”

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Strong start to 2017 for capital’s commercial property

May 17th, 2017

London’s commercial property market attracted record investment in the first quarter of 2017, it has been confirmed. The sector saw transactions worth a total of £4.9billion in the three months between January and March. This is the greatest value ever recorded for the first quarter of the year and the highest three-monthly total since the … Continue reading “Strong start to 2017 for capital’s commercial property”

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Developer seeks to address anger over ground rent situation

May 17th, 2017

One of Britain’s leading housebuilders has confirmed it will pay up to £130million to help those buyers caught up in an ongoing scandal over ground rent contracts. Taylor Wimpey has come under fire over the arrangements which see ground rents double every ten years. The contracts, which have been applied to many new-build homes around … Continue reading “Developer seeks to address anger over ground rent situation”

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Property lawyer promoted

May 17th, 2017

Joelson is pleased to confirm that a leading member of its Property team has now been made a Partner. Andrew Clissold joined the firm four years ago and has become an integral part of our commercial property department, advising on numerous high-value and complex transactions. He advises on a wide range of deals, including the … Continue reading “Property lawyer promoted”

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Consultation held on beneficial ownership register

May 17th, 2017

Ministers recently outlined plans to set up a public register which would include details of the overseas businesses and other legal entities which currently own property in the UK. The proposals for a register of “beneficial ownership”, which were published prior to the decision to call a snap General Election, are designed to improve corporate … Continue reading “Consultation held on beneficial ownership register”

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Time to prepare for the GDPR

May 4th, 2017

 “Can I have your email address?”  I was asked this recently whilst buying a pair of socks.  Yes, a pair of socks!  We live in a world now where we share our personal data constantly. The above example is one of the more extreme, but I, like so many of us, give out my email … Continue reading “Time to prepare for the GDPR”

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Ministers criticised over Stamp Duty

March 14th, 2017

Increases in Stamp Duty have been branded “outrageous” by the boss of one of the UK’s biggest housebuilders. Steve Morgan, the chairman of Redrow, is concerned about the impact that the hikes have had on London’s property market. His comments follow hard on the heels of research which revealed that Stamp Duty payments in the … Continue reading “Ministers criticised over Stamp Duty”

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JCT continues to update its contracts

March 14th, 2017

The Joint Contracts Tribunal (JCT) is continuing to revise its set of model contracts, with the “design and build” documents the latest to be updated. As well as amending the principle design and build contract, the JCT has also made changes to the associated subcontract agreement and conditions forms. Alterations to the wording have allowed … Continue reading “JCT continues to update its contracts”

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Office developments return to pre-crash levels

March 14th, 2017

The construction of office space in Central London has hit its highest level since the financial crash almost a decade ago. It was revealed last month that the new stock under construction has increased by four per cent. In total, more than 14.8million sq ft of space is currently being created, on a par with … Continue reading “Office developments return to pre-crash levels”

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