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Property

Property

Farewell To Ultra Long Leases: Will Your Property Be Affected?

The Long Leases (Scotland) Act 2012 will come into force in Scotland on 28 November 2015. The Act is the last to be implemented of a series of legislative reforms to modernise Scottish property law, which began with legislation to abolish the feudal system in 2000.

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LChalmers

Foundations Laid - Building Blocks Required

With a record 865 senior industry representatives in attendance, the Homes for Scotland Annual Lunch and Awards ceremony was an undoubted success. The aptly named “Foundations for the Future” slogan an indication of a more promising outlook and an industry sector that is more upbeat and optimistic about future prospects than before. It is clear that momentum is building and that the foundations the sector needs are slowly being laid.

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LChalmers

Foundations For The Future

Scott Peterkin

The announcement yesterday by Housing Minister Margaret Burgess that more than 5,000 families and first time buyers have purchased their home through the Help to Buy (Scotland) Scheme is welcome news.

This statement underlines the fact that the scheme has been hugely popular and that there is a high level of demand for new homes.  Mrs Burgess has also announced that there are a further 2,500 sales anticipated to be completed this year through this scheme and the Help to Buy (Scotland) Small Developer’s scheme.

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LChalmers

Land And Buildings Transaction Tax – A New Twist For Residential Transactions?

It is safe to say that the proposed Land and Buildings Transaction Tax (“LBTT”) rates, which were announced by the Scottish Government back in 9 October 2014, attracted a lot of comment and debate, particularly in relation to the proposed rates to be payable on residential properties.

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LChalmers

Golden Opportunity

2015 marks the golden anniversary of the Scottish Law Commission, the public body responsible for advising the Government on Scottish legislation. It is with great pleasure (and more than a little excitement) that I can now announce I have been appointed as a Commissioner, taking up the 5 year post from February this year.

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LChalmers

The End Of Buy-to-Let In Scotland As We Know It?

The Scottish Government is looking for responses to their newly launched ‘Consultation on a New Tenancy for the Private Sector’.

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LChalmers

Community Right To Buy Land: Proposed Reform

Laura Hay

The Community Empowerment (Scotland) Bill is currently progressing through the Scottish Parliament. The Bill covers a range of topics, but the proposed changes to the Community Right to Buy regime are of particular note for landowners.

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LChalmers

Land And Buildings Transaction Tax - The Wait Is Over

LBTT rates have been announced by the Scottish Government today and tables showing each of these can be downloaded here.

LBTT will be calculated on a “slab” basis so e.g. for a commercial property priced at £1,000,000 the calculation will be:

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LChalmers

Burness Paull Planning Team Saves Developer More Than £80k

Emma Dewar

One of our clients is celebrating after we were able to secure the removal from a planning approval for a new development of an obligation that would have cost them more than £80,000.

We challenged the decision by a local authority to impose public realm improvements when granting permission for the development.

The Reporter who heard the case assessed the planning obligation against the five well-established legal tests that must be met in order to be valid – and upheld.

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LChalmers

The Future Of Help To Buy In Scotland

The recent announcement that the Scottish Government’s Help to Buy Scheme has allocated its £140M budget only three months into the current funding year was a surprise. However, it does prove beyond any doubt that the scheme is very popular and that there is high level of demand for new homes. Already, more than 2,000 homes have been bought through Help to Buy in Scotland, with the same number likely to be completed this funding year.

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LChalmers