There has been a lot of discussion recently about tenants – in the uniquely difficult circumstances of 2020 – who are trying to escape their lease. But what about those who are looking to enter into a new lease in this market? The first step, as always, is to settle the key points of the […]
Read more >Requirements to qualify for 5% VAT rate on labour and materials The costs associated with bringing empty properties back into habitability can be astronomical. Domestic building work is normally charged at the standard rate of 20%. However, if the property has been unoccupied for a period of two or more years it is possible to […]
Read more >Welcome to the summer edition of our Real Estate newsletter. The case reports contained in this edition show that, despite the ups and downs occasioned by responses to the pandemic, the day to day system rolls on… As ever we are here to try to help you navigate your way through these tricky waters. We […]
Read more >A new law of 12 February 2020 has extended the scope of the trust reporting obligations in France, adding a further layer of complexity to the French legislation on overseas trusts. The reporting obligations are far reaching and the penalties for non-compliance are severe. Trustees of non-French trusts may be required to report the creation, […]
Read more >A summary of the Williams v Russell Price Farm Services case The High Court recently decided to replace the name of a company’s sole shareholder and director who had died, with that of his executors in the register of members. That despite the fact that the executors had not yet obtained a grant of probate. […]
Read more >Druces’ Capital Markets team and Commercial team have advised long standing client Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) (“Savannah”), in entering into an ‘Added Value Services Agreement’ with EIT InnoEnergy. This agreement forms part of the Business Investment Platform (‘BIP’) launched by EIT InnoEnergy last September to accelerate the development of […]
Read more >As lockdown in the UK continues and only a slow easing of restrictions is in prospect, thousands of businesses are facing difficult choices. Many employers are taking full advantage of Government support of every kind, from VAT deferral to furloughing staff by way of the Coronavirus Job Retention Scheme (CJRS). However, these measures are […]
Read more >Our latest UK Immigration Advice Guide Our Employment & Immigration team have produced a guide which covers the UK immigration rules for companies and employees, with a particular focus on Sponsor Licences and Tier 2 visas, including the General Visa and the Intra-Company Transfer Visa. What is covered in this guide? Areas covered include: Background […]
Read more >What is the Annual Tax on Enveloped Dwellings (ATED)? The Annual Tax on Enveloped Dwellings (ATED) was introduced on 1 April 2013 and although it has been with us for several years, many people are unaware that there are mandatory filing requirements. ATED is an annual tax payable mainly by companies that own UK residential […]
Read more >The French trust reporting legislation targets all trusts with French connections, however remote. Failure to comply with the reporting obligations is heavily sanctioned. Trustees need to regularly review whether the trust includes French situs assets and whether the settlor and/or any beneficiaries are French residents. Reporting obligations Trustees are required to declare any creation, modification […]
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