Ask from our Property Experts

What our customers are asking:

What Accounts need to be prepared?

A freehold/resident’s management/right to manage company has to comply with both the Companies Act and the Landlord & Tenant Acts accounting provisions. This means that 'company accounts' have to be filed with Companies House and 'service charge accounts' have to...

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What is the factual position?

There are many gray areas in the Bill, and as more readings happen, the clauses and rules will gain clarity—that is why a wait-and-watch approach is recommended.

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What is the impact of the 2022 Autumn budget changes on the Inheritance Tax threshold and the annual exemption on Capital Gains Tax?

The capital gains tax threshold before which CGT becomes payable reduces from April 2023 to 6,000 from the present 12,300. It will further reduce to 3,000 from April 2024 onwards. Pundits argue some will consider selling land and property assets now in haste before ...

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Which government department is driving thr net zero 2050 agenda?

The Department for Business, Energy, and Industrial Strategy (BEIS) is drawing up plans to help the government achieve a net zero target without placing excessive burdens on consumers and businesses.

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What are vital aspects of the law of the landlord and tenant?

Iperion Investments Corp. V Broadwalk House Residents Ltd [1995] 2 EGLR 47SummaryIperion Investments Corp. v Broadwalk House Residents Ltd [1995] 2 EGLR 47 was a dispute involving rights of management and service charge as executed in a residential lease. The details...

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How deeply will data science impact the industry?

It depends on how real estate companies embrace technology and the areas where they want to leverage data science. There are endless potentials and possibilities. VirginLand by Ringley are a business intent on overhauling the land acquisition process through technolo...

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How have service charges for flats changed over time?

Since 2018, service charges for flats in England and Wales have increased by 51.7 percent. It is the first time the average annual service charge has exceeded 1,000 per year. However, in the past 12 months, the increase has been more modest at 8.0 percent, aligning w...

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What are the eligibility criteria for the right to buy?

The person who wants to exercise the right to buy should be a public sector tenant for three years.

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What lifestyle changes can help fight fatigue?

Moderate-intensity exercise for a minimum of two hours per week, quitting smoking, addressing workplace issues, and avoiding long hours of sitting are a few lifestyle changes to mitigate fatigue.

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What are the criteria for the creation of RTM?

The required minimum number of qualifying tenants must be equal to at least half of the total number of flats in the building. The RTM act allows a landlord to become a member because of their interest in the property. A landlord cannot become a director of the RTM ...

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What is the housing situation in the UK?

The UK is facing a serious housing shortage marked by a persistent scarcity of residences. The government aims to build 300,000 new homes annually to meet demand and maintain affordability.

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What is the 90 day short let cap?

Airbnb replied to the concerns about the number of listings and their impact and stated that they take housing concerns seriously and have previously worked with the Mayor to enforce a 90-night cap on rentals in London.

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What is London Mayors concern about short-term rentals?

The Mayor is worried about the impact of short-term rentals on London's housing market and has proposed stricter regulations through a licensing system. He fears whole streets becoming Airbnb and less housing for Londoners.

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What is the time limit for paying inheritance tax after death?

A penalty will apply to the estate if the executors cannot pay inheritance tax within six months of the date of death.

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Which organizations created the Unreasonable Behaviour policy?

The ARMA and IRPM developed the Unreasonable Behaviour Policy that aims to protect members from the unreasonable behaviour of clients.

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How many fix term mortgages will end in 2023 to 2024?

More than two million mortgages will end their fixed term between 2023 and 2024. With rising interest rates, it will simply cost landlords more to refinance then, further complicating the market situation.Most tenants want to maintain the status quo and avoid paying ...

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What are some key provisions of the Renters Reform Bill, and why is it described as a significant private rented sector reform?

The Bill proposes abolishing Section 21 evictions, allowing tenants to keep pets, introducing a new Ombudsman for tenant complaints, converting tenancies into periodic tenancies, granting tenants a two-month notice right, and establishing a Property Portal and Landlo...

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What other payments were not justified by the tribunal?

The tribunal stated that the other monies paid for insurance to the managing agent Westminster Management Services, were not justified.

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Which types of buildings will fall under the higher risk regime?

Residential buildings (with at least two units), care homes, and hospitals that are 18m tall or have at least 7 storeys will be subject to the new regime.

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How does the Energy Company Obligation scheme 'ECO4' scheme help the UK households?

The UK government's ECO4 scheme provides free energy efficiency upgrades to qualifying households as grants. These free upgrades help them reduce energy requirements, electricity bills, and carbon emissions. The ECO4 grants fund wall or cavity insulation and new heat...

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What is the core issue with pooled client accounts for letting agents in the UK?

The challenge revolves around the closure or reluctance of banks to open pooled client accounts for letting agents, citing violations of anti-money laundering (AML) regulations.

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What should be included in a fire door inspection?

A comprehensive fire door inspection should include checks for various aspects, such as ensuring the doors are properly installed, have appropriate signage, function correctly, and have intact fire-resistant seals. Inspectors should also verify the condition of hinge...

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Why is Wembley Park a suitable location to live?

Wembley Park is the perfect destination to live in because it promises multiple transport links connecting with Central London, several activities, shopping destinations, restaurants, and a thriving social scene.

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What are the benefits of a country having fiscal rules?

Fiscal rules help instill discipline in government finances to maintain sustainable debt levels. They also contribute to economic stability by creating a more predictable economic environment.

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How did the Chancellor address the issue of falling tax revenues and potential budget deficit?

The Chancellor's NIC cut is estimated to reduce tax revenues by 10.5 billion annually. Future tax increases resulting from freezing income tax thresholds are planned to offset this.

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What is the Energy Bills Support Scheme

From October 2022, the UK Government has offered £400 off household energy bills to help people save money. The non-payable discount will be applied to energy bills in six installments ending March 2023.

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How did COVID-19 affect short-term and long-term let-downs in the UK?

The pandemic boosted short-term lets with a surge in domestic travel. Landlords shifted to tourist markets like the Lake District and Cornwall, displacing locals. The UK staycation trend has continued post-pandemic.

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How do heat pumps work?

Heat pumps capture heat from air, ground, or water sources and use a compressor to raise its temperature before transferring it to water to heat radiators, underfloor systems, and hot water cylinders.

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How is associated company being defined?

A company is associated with another company if one of them controls the other (parent companies) or if both are controlled by a third company (sister companies).

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What are alternative policies to mitigate the impact of price volatility on project costs besides leveraging price escalation clauses?

Contractors can minimize the impact of price volatility by bulk purchasing, purchasing directly from manufacturers, and purchasing when the prices of construction materials fall

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Ask our Experts

What our customers are asking:

What Accounts need to be prepared?

What is the factual position?

There are many gray areas in the Bill, and as more readings happen, the clauses and rules will gain clarity—that is why a wait-and-watch approach is recommended.

What is the impact of the 2022 Autumn budget changes on the Inheritance Tax threshold and the annual exemption on Capital Gains Tax?

Which government department is driving thr net zero 2050 agenda?

The Department for Business, Energy, and Industrial Strategy (BEIS) is drawing up plans to help the government achieve a net zero target without placing excessive burdens on consumers and businesses.

What are vital aspects of the law of the landlord and tenant?

How deeply will data science impact the industry?

How have service charges for flats changed over time?

What are the eligibility criteria for the right to buy?

The person who wants to exercise the right to buy should be a public sector tenant for three years.

What lifestyle changes can help fight fatigue?

Moderate-intensity exercise for a minimum of two hours per week, quitting smoking, addressing workplace issues, and avoiding long hours of sitting are a few lifestyle changes to mitigate fatigue.

What are the criteria for the creation of RTM?

What is the housing situation in the UK?

The UK is facing a serious housing shortage marked by a persistent scarcity of residences. The government aims to build 300,000 new homes annually to meet demand and maintain affordability.

What is the 90 day short let cap?

What is London Mayors concern about short-term rentals?

What is the time limit for paying inheritance tax after death?

A penalty will apply to the estate if the executors cannot pay inheritance tax within six months of the date of death.

Which organizations created the Unreasonable Behaviour policy?

The ARMA and IRPM developed the Unreasonable Behaviour Policy that aims to protect members from the unreasonable behaviour of clients.

How many fix term mortgages will end in 2023 to 2024?

What are some key provisions of the Renters Reform Bill, and why is it described as a significant private rented sector reform?

What other payments were not justified by the tribunal?

The tribunal stated that the other monies paid for insurance to the managing agent Westminster Management Services, were not justified.

Which types of buildings will fall under the higher risk regime?

Residential buildings (with at least two units), care homes, and hospitals that are 18m tall or have at least 7 storeys will be subject to the new regime.

How does the Energy Company Obligation scheme 'ECO4' scheme help the UK households?

What is the core issue with pooled client accounts for letting agents in the UK?

The challenge revolves around the closure or reluctance of banks to open pooled client accounts for letting agents, citing violations of anti-money laundering (AML) regulations.

What should be included in a fire door inspection?

Why is Wembley Park a suitable location to live?

What are the benefits of a country having fiscal rules?

Fiscal rules help instill discipline in government finances to maintain sustainable debt levels. They also contribute to economic stability by creating a more predictable economic environment.

How did the Chancellor address the issue of falling tax revenues and potential budget deficit?

The Chancellor's NIC cut is estimated to reduce tax revenues by 10.5 billion annually. Future tax increases resulting from freezing income tax thresholds are planned to offset this.

What is the Energy Bills Support Scheme

How did COVID-19 affect short-term and long-term let-downs in the UK?

How do heat pumps work?

How is associated company being defined?

A company is associated with another company if one of them controls the other (parent companies) or if both are controlled by a third company (sister companies).

What are alternative policies to mitigate the impact of price volatility on project costs besides leveraging price escalation clauses?

Contractors can minimize the impact of price volatility by bulk purchasing, purchasing directly from manufacturers, and purchasing when the prices of construction materials fall

Ask from our Property Experts

What our customers are asking:

What our customers are asking:

What Accounts need to be prepared?

What is the factual position?

What is the impact of the 2022 Autumn budget changes on the Inheritance Tax threshold and the annual exemption on Capital Gains Tax?

Which government department is driving thr net zero 2050 agenda?

What are vital aspects of the law of the landlord and tenant?

How deeply will data science impact the industry?

How have service charges for flats changed over time?

What are the eligibility criteria for the right to buy?

What lifestyle changes can help fight fatigue?

What are the criteria for the creation of RTM?

What is the housing situation in the UK?

What is the 90 day short let cap?

What is London Mayors concern about short-term rentals?

What is the time limit for paying inheritance tax after death?

Which organizations created the Unreasonable Behaviour policy?

How many fix term mortgages will end in 2023 to 2024?

What are some key provisions of the Renters Reform Bill, and why is it described as a significant private rented sector reform?

What other payments were not justified by the tribunal?

Which types of buildings will fall under the higher risk regime?

How does the Energy Company Obligation scheme 'ECO4' scheme help the UK households?

What is the core issue with pooled client accounts for letting agents in the UK?

What should be included in a fire door inspection?

Why is Wembley Park a suitable location to live?

What are the benefits of a country having fiscal rules?

How did the Chancellor address the issue of falling tax revenues and potential budget deficit?

What is the Energy Bills Support Scheme

How did COVID-19 affect short-term and long-term let-downs in the UK?

How do heat pumps work?

How is associated company being defined?

What are alternative policies to mitigate the impact of price volatility on project costs besides leveraging price escalation clauses?

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