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Issuer of securities entitled to raise negligence claim for overvaluation of commercial property, says UK court

A UK court has found in favour of the issuer of commercial mortgage-backed securities (CMBS) over a German office building in a negligence claim against the firm which overvalued the property, despite the fact that the valuation was carried out on behalf... 03 Oct 2014

Proportion of London luxury property sales made to foreign buyers falls

The proportion of sales of luxury London residential properties made to foreign buyers fell by 20% in the seven months to July 2014 when compared to the same period the year before, according to Knight Frank. 29 Aug 2014

Out-Law Guides

UK government consults on stamp duty land tax relief on properties purchased by investment funds

Relief from stamp duty land tax (SDLT) could be limited to larger transactions under proposals being considered by the UK government. 23 Jul 2014

Scottish government proposes subsale LBTT relief for certain "significant" developments

Relief from land and buildings transaction tax (LBTT) would be available on subsales of the land for "significant" development which completes within five years of the subsale, according to proposals put forward for consultation by the Scottish government.... 03 Jul 2014

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