Last Updated May 23, 2019

Law and Practice

Authors



Hawkins Hatton Corporate Lawyers Ltd is a niche corporate law firm formed in December 2005 and based in London and Dudley, dealing primarily with corporate and commercial work together with commercial property and litigation. Its client base includes European and Anglo-US companies, regional and national clients as well as individuals. The firm’s Real Estate department is best known for secured lending work on behalf of HSBC, Lloyds Bank, Santander and RBS, as well as all aspects of commercial property work on behalf of its SME client base, which spans a number of key industry sectors including pharmaceutical and healthcare, manufacturing, engineering and pension funds. It advises on a wide range of property-related matters, including commercial acquisitions and disposals, commercial leases, secured lending and corporate support. Hawkins Hatton also offers advice on a broad range of specialist areas such as property investment and finance, development schemes, compulsory purchase issues, construction and commercial leases for clients including landlords and tenants, public companies, banks, private companies, developers and investors.

Landlords were able to deduct the payment of the mortgage interest on the property from their income so as to reduce their income tax liability. From April 2020, however, new legislation will mean that a landlord will only be allowed a 20% tax credit for mortgage interest paid. This has two main implications for landlords:

  • if the landlord is a higher-rate tax payer, only a 20% tax refund will be given (not the higher rate of tax paid); and
  • it may force landlords into a higher tax bracket as they will have to declare the monies paid on the tax return.

This change will no doubt impact on investment by landlords in buy-to-let properties.

Capital Gains

Individuals pay ‘non-resident’ CGT (NRCGT) at 28% on any (post-April 2015) gains made on UK residential property if they are non-resident for tax purposes.

From 6 April 2019, NRCGT is extended to (post-April 2019) gains in respect of commercial property, albeit with certain exemptions.

Hawkins Hatton Corporate Lawyers Limited

Foxglove House
166 Piccadilly
London
W1J 9EF

+44 020 8191 7893

N/A

crodrigues@hawkinshatton.co.uk www.hawkinshatton.co.uk
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Authors



Hawkins Hatton Corporate Lawyers Ltd is a niche corporate law firm formed in December 2005 and based in London and Dudley, dealing primarily with corporate and commercial work together with commercial property and litigation. Its client base includes European and Anglo-US companies, regional and national clients as well as individuals. The firm’s Real Estate department is best known for secured lending work on behalf of HSBC, Lloyds Bank, Santander and RBS, as well as all aspects of commercial property work on behalf of its SME client base, which spans a number of key industry sectors including pharmaceutical and healthcare, manufacturing, engineering and pension funds. It advises on a wide range of property-related matters, including commercial acquisitions and disposals, commercial leases, secured lending and corporate support. Hawkins Hatton also offers advice on a broad range of specialist areas such as property investment and finance, development schemes, compulsory purchase issues, construction and commercial leases for clients including landlords and tenants, public companies, banks, private companies, developers and investors.

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