Real Estate

Welcome to the home of real estate on Law-Now.

On this page, you will find all the articles and publications for real estate. You can also click here to access CMS’ e-guide: 20 questions on real estate.

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Recent Articles

  •  
    25/03/2024
    United Kingdom

    The Register of Persons Holding a Controlled Interest in Land: 1 Week to Go

    From 1 April 2024 those who are subject to, but have failed to comply with, duties imposed by the Land Reform Scotland (Scotland) Act 2016 (Register of Persons Holding a Controlled Interest in Land) Regulations 2021 (the Regulations) could face criminal sanctions. Where a requirement to register in the Register of Persons Holding a Controlled Interest in Land (the RCI) arises but is not complied with, the offending party will be at risk of facing financial penalties of up to £5,000. Criminal sanctions were previously due to be imposed from 1 April 2023, but this was delayed following the...
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  •  
    22/03/2024
    Hungary

    Hungary establishes categorisation of investment funds and introduces new investment rules

    According to the decree, there will now be four main types of funds based on their primary asset categories: securities funds, real estate funds, venture capital funds and mixed funds. In addition, there will be a total of fourteen categories of investment funds within the four types. These categories are already known in the market and some of the categories are regulated in the existing decree.The new decree provides for separate asset composition and asset ratio rules for each investment fund category. For instance, bond funds must invest at least 55% of their assets in credit instruments, equity...
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  •  
    11/03/2024
    United Kingdom

    Welcome amendment to the Construction Industry Scheme regulations as they relate to payments between landlord and tenants

    At the Autumn Statement 2023, the government announced amendments to the Income Tax (Construction Industry Scheme) Regulations 2005 (the Regulations), including removing certain payments between landlord and tenants from the scope of the Construction Industry Scheme (the CIS).Those amendments will come into force on 6 April 2024, having been laid before the House of Commons on 8 March 2024.What was the concern?The CIS was originally introduced to protect revenue in relation to the construction sector, with significant non-compliance suspected as a result of cash-in-hand payments. The CIS requires...
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  •  
    06/03/2024
    United Kingdom

    Spring Budget 2024 – key tax announcements

    Against the backdrop of an election (probably) later this year, the Chancellor was evidently feeling the pressure to make tax announcements that would find favour with the electorate, whilst constrained by the economic environment. Warning that further tax cuts can only be funded by growing the economy and making the state more efficient, the emphasis was on fiscal responsibility and increasing resilience to future shocks. The reduction in employee NICs – matching that in the Autumn Statement - had been so heavily rumoured in the immediate run up to budget day that it was hardly a surprise. ...
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  •  
    04/03/2024
    England and Wales

    The Leasehold and Freehold Reform Bill – Over to the House of Lords

    Following publication of the Leasehold and Freehold Reform Bill (the “Bill”) on 27 November 2023, the Bill has been progressing through the legislative process and the Government has recently published the third version. The Bill, which applies mainly to England and Wales, has now been passed to the House of Lords following its third reading in the Commons this week. We now set out the further notable amendments to the Bill which have emerged below. AmendmentsThe Bill, as brought from the Commons, adds a further 43 pages. This is not a complete overview of the changes, however,...
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  •  
    01/03/2024
    Scotland

    The Register of Persons Holding a Controlled Interest in Land: 1 Month to Go

    From 1 April 2024 those who are subject to, but have failed to comply with, duties imposed by the Land Reform Scotland (Scotland) Act 2016 (Register of Persons Holding a Controlled Interest in Land) Regulations 2021 (the Regulations) could face criminal sanctions. Where a requirement to register in the Register of Persons Holding a Controlled Interest in Land (the RCI) arises but is not complied with, the offending party will be at risk of facing financial penalties of up to £5,000.Individuals and organisations impacted by the legislation should familiarise themselves with the requirements...
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