The Chancellor’s Budget speech had far less in it than had widely been expected. In short – there were no tax rises (other than corporation tax). Here are some of the key points: Stamp Duty Land Tax The temporary increase in the residential SDLT Nil Rate Band to £500,000 has been extended to 30 June 2021. From 1 July 2021, [...]
Consumer Credit Act applies to settlements by “Tomlin” order – CFL Finance Ltd v Gertner On 23 February 2021 the Court of Appeal handed down its judgement in CFL Finance Ltd v Gertner [2021] EWCA Civ 228, confirming that the Consumer Credit Act 1974 (CCA) can apply to settlement agreements appended to “Tomlin” orders and that deferment of a debt [...]
Visit our dedicated Shared Appreciated Mortgage page If you have any questions about Shared Appreciated Mortgages (SAMs), you may find the answer on this page. Once billed by the Banks as one of the best and most generous retirement mortgages on the market, SAMs offered customers the opportunity to release up to 25% of the value of their property. The [...]
Future Fund Scheme The uncertainty brought on by the COVID-19 pandemic, which in turn resulted in a corresponding economic downturn, has had a serious detrimental effect on many businesses across the country. This state of affairs led to the introduction of a series of financial measures by the UK Government with the aim of helping businesses to survive through this [...]
Extended deadline to notify VAT option to tax As part of its response to the Covid-19 pandemic, HMRC extended from the usual 30 days to 90 days the period in which a taxpayer is required to notify an option to tax over property to be made. Initially this extension only applied to options made between 15 February 2020 and 31 [...]
Over 1 million investors have chosen to invest their pensions via a SIPP and the sums currently held in SIPPS runs into billions of pounds. Inevitably, with such enormous sums involved, the advice on investing in SIPPs and the performance of the SIPP providers themselves has become an increasingly important area which is being scrutinised by disgruntled investors. If a [...]
2018 will see a number of major changes to the commercial landscape that will affect many businesses. Particularly at risk will be those who charge customers for paying by credit or debit card, or who process any personal data of EU citizens at any time (of customers, clients or their staff). Set out below is a summary of the impending [...]
Philip Rubens has joined Teacher Stern as a Partner in our Dispute Resolution department. He moved from the respected financial services litigation boutique firm, Cooke, Young & Keidan. Philip has a broad experience, having acted for a range of clients including hedge funds, bankers, senior management and brokers, as well as completing a 6 month secondment to the FSA (now FCA).
Teacher Stern has been ranked in the 2015 edition of The Legal 500; the leading guide to law firms in the UK. Teacher Stern received rankings in Commercial Litigation, Property Finance & Sport.
Triangle has completed a £212.5m off-market purchase of the Holborn Links Estate, WC1, financed by Deutsche Bank. The price reflects a capital value of £534 per sq ft. It was bought on behalf of Perez International, which represents a consortium of international investors managed by Triangle Group. The 3.3-acre estate comprises 42 buildings totalling 320,000 sq ft, including shops and [...]
