The challenges and hurdles of tenants’ continuing land and buildings transaction tax lease responsibilities in Scotland

The challenges and hurdles of tenants’ continuing land and buildings transaction tax lease responsibilities in Scotland

Tenant taxpayers should be aware of their ongoing responsibilities under the Land and Buildings Transaction Tax (“LBTT”) regime, as Revenue Scotland has recently issued an increasing number of penalty notices for the late submission of three-yearly LBTT returns due to a post-Covid backlog.   The fact that further LBTT returns must be filed at various…

Managing common areas in a housing development

Managing common areas in a housing development

A developer’s goals in managing the common components of a development include: Maintaining the amenities and services within a development to make sure it provides a high-quality living environment. Make sure the management structure gives the developer a way out so they can transfer management to a trustworthy successor and transfer all liability for common…

The Impact of the 2024 General Election on the Scottish Property Market

The Impact of the 2024 General Election on the Scottish Property Market

The Impact of the 2024 General Election on the Scottish Property Market The 2024 General Election has resulted in a landslide victory for the Labour Party, replacing the Conservative government and creating a new political landscape across the UK. In Scotland, the SNP saw a significant reduction in seats, winning just 9 compared to 48…

Need for planning permission in short-term lease control areas

Need for planning permission in short-term lease control areas

https://www.simplicitylegal.co.uk/business/commercial-conveyancing-leases/A confirmation was recently made by the Court of Session that the classification of a short-term let control area does not necessitate planning permission for a short-term let use that began anterior to the designation. Temporary renting The expansion of short-term holiday rentals prompted the Scottish Government to implement a licensing system and grant planning…

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Considerations for landlords when consenting to a sub-lease

Many firms have experienced transformation as a result of recent events. Some people have benefited from the transition and seen growth, which has prompted them to expand by purchasing larger facilities. Others need to reevaluate their footprint in an effort to downsize due to financial difficulties or changes in their working styles. The possibility of…

My partner and I are going to buy a home together, what should I be thinking about?

When you buy a home, especially your first home in a joint tenancy, it is rather a big step and you may be worried about a mortgage. As gloomy as it may sound, it’s vital to consider the “what ifs?” in case things don’t turn out as expected. Selling the home and splitting the proceeds is…

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Property disputes: can a witness refuse to assist or give evidence in court?

Witnesses are frequently needed in property disputes to establish the facts of a case. But who ought the parties to summon to court to give evidence, and what happens if they refuse to cooperate? Who can give evidence in court? There are many things we must look at while bringing someone to court as a…

what are the three most important considerations for establishing how a schedule of condition affects a tenant’s obligation for dilapidations?

What Are The Three Most Important Considerations For Establishing How A Schedule Of Condition Affects A Tenant’s Obligation For Dilapidations? It is typical for a tenant to attempt to reduce their dilapidations liability under a commercial lease by making reference to the state of the property at the beginning of a lease. When this happens,…