There was more content to the Chancellor’s Budget than was expected. Here are some of the most note-worthy announcements. Property As previously announced, with effect from April 2019, all non-residents who realise a gain on the sale of UK land, whether commercial or residential, will be subject to tax in the UK. They will also be subject to tax on [...]
New energy efficiency regulations are in place that may prevent a landlord renting out a building with an energy efficiency rating of F or G. Introduction From 1 April 2018, both residential and commercial landlords have had to ensure that their properties meet the Minimum Energy Efficiency Standards Regulations 2015 (MEES). If a landlord holds an EPC showing an energy [...]
Christopher Philpot, Senior Associate in Teacher Stern’s dispute resolution department, has been interviewed on the BBC’s One Show in relation to a potential claim being organised against both Bank of Scotland and Barclays for compensation relating to Shared Appreciation Mortgages that were sold between 1996 – 1998. The programme was aired on BBC One on Monday 3rd April 2017 at [...]
A number of Partners from Teacher Stern's Real Estate team will be in Cannes from 13-17 March 2017 during MIPIM. If you would like to meet up with any of our team then please do get in touch with any of the following: Phil Berry – view Phil's contact details Laura Brown -view Laura's contact details Claire Gibson -view Claire's contact details Victoria [...]
When: Wednesday 22nd February 2017 arrival from 8am for a 8:30am start Where: Teacher Stern Offices, 37 - 41 Bedford Row, London, WC1R 4JH What: A practical session on what to do with existing residential property structures from a tax perspective Who: Sarah Cardew, Tax Partner of Teacher Stern LLP and Michael Thomas, Tax Barrister of Pump Court Tax Chambers Places are limited, [...]
The details of how Bank of Scotland rushed older borrowers into hugely expensive mortgages where their debt rose with house prices have been revealed by a This is Money investigation. Evidence has emerged that the bank - which has previously been criticised for sharp sales practices - hurried customers approaching retirement into signing up to shared appreciation mortgages without financial [...]
What: A practical introduction to the concepts of hedging, focusing on interest rates and foreign exchange exposures. The seminar will address: Why is it needed? How is it documented? How is the decision taken? Why does it go wrong and what are the consequences? The seminar will last no more than 45 minutes with an opportunity to ask questions and [...]
There are often occasions where so detailed corners of the law do not emerge unless one has to deal with them in a particular case. The NHBC Sheltered Housing Code (“the Code”) is one such example. It is an important Code as it governs the relationship between the residents, the builder/developer, the purchaser and the management organisation. It results in [...]
Teacher Stern is delighted to announce being recommended in seven practice areas in this year's edition of the Legal 500, the leading guide to law firms in the UK. This year's results see Teacher Stern ranked in four additional practice areas compared to the previous year, with eight lawyers recommended. Joint Managing Partners David Salisbury and David Irwin, the “acutely [...]
What are the changes? The Government is consulting on changes which will mean that non-domiciles can no longer escape a UK IHT charge on UK residential property by owning it through an offshore vehicle such as a company or trust. The period for consultation runs until 20 October 2016 and the changes will come into effect from 6 April 2017. [...]
