It is an extremely difficult time for both Landlords and Tenants during these unprecedented times. Following the government’s latest restrictions on 20 December 2020, entering more than 38 million people into tier 4, the following still applies to both Landlords and Tenants…
On 9 December 2020 the UK Government announced a further extension to the moratorium on forfeiture of leases on the grounds of non-payment of rent or other sums due, and the presentation of winding-up petitions.
The Coronavirus Job Retention Scheme (CJRS) was introduced with the aim of safeguarding UK jobs during Covid-19 and has almost certainly gone a long way to do so. Under the CJRS, businesses have been able to furlough staff rather than make them redundant, with the furloughed staff receiving up to 80% of their wages from the Government in the form of a grant paid to the employer, with an upper limit of £2,500 per month. The CJRS is due to end on 31 March 2021.
One of the most common fears and anxieties when a couple divorce is how the marital assets will be divided and whether they will be able to manage financially after separation, particularly where there is only one main breadwinner. This article deals with some frequently asked questions and provides an insight into how marital finances […]
When is a Company Insolvent? There is no doubt that we are in a recession. Most businesses have been fundamentally affected by the COVID 19 pandemic. It is important for a company directors to be mindful of the possibility of…
According to the Association of British Insurers (ABI), insurers in the UK are set to pay out £1.2 billion in claims from individuals and businesses affected by Covid-19 over the coming months. Of this estimate, the ABI says that around…
While the fear of coronavirus itself was enough for most households across the UK to agree without question to a lockdown, news sites have begun to report serious flouting of lockdown rules over the past weeks. Some posit that people are suffering from a general lockdown exhaustion. Others believe that it is likely that tensions […]
New data released by Remit Consulting, gathered from six leading property management companies in the UK, revealed that just 48% of tenants paid on time and in full in March. Just 41% of retail and hospitality tenants paid their rent…
As the Covid-19 pandemic rages outside, the Government have issued a strong warning to everyone that your home is the safest place to be. But for some, home is not a haven from violence and abuse. Self-isolation and stay at…
Many tenants have not paid their 25 March 2020 quarter’s rent. The scene is now set for a dog fight between landlords and tenants. In this article, we give some guidance as to what both landlords and tenants should be…
We are getting numerous enquiries from both landlords and tenants in relation to their position for non-payment of rent for commercial leases during this Covid-19 pandemic. As of 25 March 2020, the Coronavirus Act 2020 (“the Act”) was enacted. In…
A child’s health and wellbeing is undoubtedly the paramount concern for any parent during these unprecedented times. One key dilemma faced by many parents with a Child Arrangements Order (CAO) in place is how to comply with the provisions without…
Divorce is a sad and difficult time for most couples so finding ways to make the experience more palatable is always welcome. The aim, for the majority of people, will be to achieve an amicable, fair and cost effective outcome…
We are getting numerous enquiries from both landlords and tenants in relation to requests for rental concessions during this Covid 19 pandemic. Landlords are increasingly being faced with requests for rental payment holidays or other concessions. Similarly, tenants may be…
Many businesses are considering laying off staff and taking advantage of the Government Job Retention Scheme. Job Retention Scheme This applies to ‘furloughed workers’. Please click here for more details. A brief summary is below: Employers will need to designate…
Whilst it is not something that most of us would like to think about, the Covid 19 situation has brought into sharp focus the need to think about succession planning and prepare a will and lasting powers of attorney. The…
We are getting many enquiries about the above Scheme. This is a massive state intervention in business activity. Many businesses are going to be forced into hibernation or animated suspension. The scheme will enable businesses to retain their employees so…
Taking into account the Government’s guidance in relation to the Covid 19 situation, we have adopted a social distancing policy applicable to our staff and our dealings with our clients, contacts and third parties. We will be continuing to provide…
Generally, a bankruptcy order will be automatically discharged 12 months’ after it is made. However, it is open to a Trustee in Bankruptcy to apply for the automatic discharge to be suspended, usually on the basis that the bankrupt has failed to comply with the terms of their bankruptcy. The Court has a discretion as to whether […]
What is SDLT? When buying a property (whether freehold or leasehold) or renting a property, the Buyer or Tender must pay SDLT unless an exemption applies. The thresholds for paying SDLT is over £150,000.00 for commercial properties and over £125,000.00 in the case of residential property. SDLT is payable on the premium or the aggregate […]
The Government has announced that, with effect from April 2019, the Court fees for obtaining Probate could cost up to £6,000, whereas the current fee is less than 5% of this amount. What is Probate? When someone passes away the Executors named in the Will or, where there is no Will, the Administrators under intestacy, […]
Most commercial leases have a clause which entitles a landlord to terminate the lease by forfeiture if the tenant breaches its obligations. Once the right to forfeit arises, if a landlord acts in a way so as to treat the lease as if it is continuing, for example, by demanding or accepting rent, the landlord […]
The world is becoming more digitised and inter-connected as information and communication becomes more accessible and simpler to manage. Platforms such as Facebook, Twitter, Instagram, WhatsApp and iTunes, amongst others, allow us to access, share and store messages, images and music at the click of a button. But what happens to these ‘digital assets,’ when […]
Landlords of Houses in Multiple Occupation must Register for New Licences or Risk Fines If you’re a landlord responsible for Houses in Multiple Occupation (HMO) you need to apply for a maximum five year licence or risk unlimited fines. New rules, introduced last year for local authorities, mean that councils such as Harrow are now targeting houses […]
The death of beloved comedian, Ken Dodd, last week has shone a light on the Inheritance Tax rules and the importance of planning your estate correctly. The late comedian married his long-term partner of over 40 years just two days before his death and it is thought he did this to ensure the tax man […]
As advisers to many companies and company directors and shareholders, the Vyman team thought you would be interested in the following Supreme Court case. Burnden Holdings (UK) Ltd v Fielding (28 February 2018) In short, the directors of the company had made a significant distribution to themselves as shareholders. Subsequently, the company went into liquidation and […]
ONS figures show that cohabiting couples are the fastest growing family type in the UK, but the legislation has not moved with the times. When Bhadrak Reddy (34) moved into a flat in Harrow five years ago with his then girlfriend Tanya Bhatt (32), making plans in case they broke up was the furthest thing […]
With effect from 22 November this year first-time buyers of residential property will not be liable to pay stamp duty on the purchase of properties up to £300,000 and the first £300,000 of properties up to £500,000 Key points: The exemption only applies to individual first-time buyers The property must be residential. The property must […]
A new relief has been introduced for First-time-buyers within England, Wales* and Northern Ireland that will raise the price at which a property becomes liable for stamp duty land tax (SDLT) to £300,000 for transactions taking effect on or after 22 November 2017. Those claiming the relief will pay no SDLT on the first £300,000 […]
DOWNLOAD: Joint Venture Pitfalls Strategies This report is for you if: You are already in business with ‘partners’ You are thinking about going into business with partners In your existing business, tensions or disputes have arisen with your partners In this report you will discover: The ways in which you can avoid disputes arising in […]
