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Property

Property

Help To Build, Buy And Beyond

A recent report by the Resolution Foundation suggested that one third of millennials in Britain will never own their own home. Renting is becoming an increasing tenure of choice for young people rather than a temporary measure until home ownership is realised. On the upside first time buyer levels are at their highest for 10 years according to UK Finance. So is the future getting brighter for buyers making their way onto the housing ladder, or did we start from a low base?

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Burness admin

A reminder on three-yearly returns for leases under LBTT

1 April 2018 is the third anniversary of the LBTT regime in Scotland and will also mark the start of the three yearly review cycle for leases which are within the LBTT regime.

You may have read our previous blog in respect of the tenant’s requirement under the Land and Buildings Transaction Tax (“LBTT”) legislation to submit further returns, on a three-yearly basis, throughout the period of a non-residential lease.

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Burness admin

Is Edinburgh full, or just the cheap rooms …?

It is a brave council that attempts to manage a particular section of the economy – especially one that brings in tourist revenue and provides vital jobs.  However, that is exactly what Edinburgh City Council have just done in an attempt to discourage more budget operators from opening in the centre of the capital, and appealing for more luxury and five star brands to come to the city.

These moves to come despite the hotel industry already feeling that the Council is looking to strangle “the goose that lays the golden egg”, with a renewed pledge at the end of last year to look

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Burness admin

Three Key Ways to Plan for Great Communities

The Canadian philosopher Jean Vanier said “Many people are good at talking about what they are doing, but in fact do little. Others do a lot but don't talk about it; they are the ones who make a community live.”

I’m proud to be part of a fabulous community who work tirelessly to create a happy, supportive and healthy place to live.

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Burness admin

Scottish Government Publishes Planning Bill

Theresa Hunt

Following an extended period of consultation, the Scottish Government has published an early Christmas present in the form of the Planning (Scotland) Bill, setting out its proposed changes to the Scottish planning system.  The Scottish Government has said its aim is to provide an improved system of development planning, giving people a greater say in the future of their places and supporting delivery of planning development. 

The Bill can be accessed here

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Burness admin

Is the Housebuilding Warm Front Here to Stay?

Scott Peterkin

The recent cold snap is at odds with the temperature of Scotland’s central belt housebuilding market. Much like life itself, you tend to appreciate things by contrast, and the housebuilding market feels hot right now.

It’s a great place to be as the industry recovers from the credit crunch under the umbrella of ‘cautious optimism’ and an albeit steady, but improving market.

Among a number of positive signs is the increasing competition for new sites. But is caution (like winter clothing) being thrown to the wind as the temperature rises?

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Burness admin

Beware! Three-yearly Returns for Leases under LBTT

Stuart Gardiner

Whilst Land and Buildings Transaction Tax (“LBTT”) in Scotland is broadly similar in nature to Stamp Duty Land Tax (“SDLT”) which applies within the rest of the UK, there are some key differences between the two regimes.

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Burness admin

Could Augmented Reality Save the High Street?

Graeme Bradshaw talks tech and the high street
Burness admin

Model Tenancy Agreement now Available for New Residential Tenancies

Further to the new Private Residential Tenancy (“PRT”) regime which comes into force on 1 Dec 2017, the Scottish Government has now published the Model Tenancy Agreement which they had promised to introduce as a suggested template for new PRT agreements.

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Burness admin

Breaking News: The End of the Road for the Strategic Transport Fund

The Supreme Court has this morning found that the Strategic Transport Fund which was put in place by Aberdeen City and Shire Strategic Development Planning Authority is unlawful (read the judgment here). This decision upholds the judgment of the Court of Session issued last year.

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Burness admin