Roger Southam: Right to Manage Process

Roger Southam

Roger Southam

Roger Southam
Chairman and Chief Executive at Chainbow

Right to Manage (RTM) effectively strips away all the powers of the freeholder, excluding ground rent collection. It means the leaseholders are able to appoint the manager they want and have control of the running and services.

Requirements include: there has to be more than two flats, less than 25% commercial space, more than 75% of the flats let on leases over 21 years and you have to have at least 50% of leaseholders being members of the RTM company.

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Stephen Herring: Taxation of Property – A Retrospective on the Coalition Government’s First Budget

Stephen Herring

Stephen Herring

Stephen Herring
Tax Partner, BDO

More than three months have passed since the Coalition Government announced their Emergency Budget but, at the date of writing, only the first of the two Finance Bills has been enacted.

Nevertheless, and now that the dust has begun to settle, we can take a closer look at the various tax measures and their impact on real estate investors.  We have focussed upon the individual investor who is UK tax resident but might be either UK domiciled or has an agreed overseas tax domicile.

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