ATED is a tax payable by companies, partnerships or trusts that own high value residential property in the UK (currently properties of a value of £2m or more). Tax is paid on the value of the property, based on a banding system. ATED applies to all residential properties (‘dwellings’), which includes mixed-use properties with residential parts; and…

Under the Taxation of Chargeable Gains Act 1992 you may have to pay Capital Gains Tax if you make a profit (‘gain’) when you sell property that is not your main home. At LBB our experienced valuers can help you work out your ‘gain’ for tax purposes. Your gain is usually the difference between what…

Property ownership can contain many pitfalls and obtaining good, professional advice on a building’s condition, value, lease or title arrangements is essential. So as you avoid costly mistakes and make the best of your property, we are able to provide expert and thoroughly professional advice. Our Chartered Surveyors are RICS Registered Valuers. We offer advice…

At LBB we are able to act as your consultants and provide expert advice, for either landlord or tenants, relating to the negotiation of lease renewals, rent reviews, lease negotiations, valuations and landlord and tenant disputes. A property is a valuable asset and an essential tool for any business. It is essential to consider any…

This is the tax that is paid on the ‘estate’. That is the property left by somebody upon their death. HM Revenue and Customs (HMRC) state that you need to value the property (‘the estate’) of someone who has died before you can get the legal right to deal with the estate (known as ‘grant…

Why Necessary Under the terms of most commercial and residential leases a tenant or lessee is prohibited from making alterations without obtaining permission from the landlord first. The wording of leases varies so great care needs to be taken if a tenant or lessee wants to make alterations. Specialist advice should be taken. Often input…

Unfortunately disputes between landlords, tenants, managing agents or neighbours can sometimes arise. When they do they can easily escalate leading to potentially expensive and time consuming litigation. At LBB we have a number of Chartered Surveyors who have considerable experience and expertise in dealing with property related disputes. John Byers and Justin Bennett deal with…

Fire Insurance Valuations Building Reinstatement Cost Assessments (RCA) Every property needs to be insured. Leases often give the landlord this responsibility with the costs being reimbursed by the lessees. An underestimation of the insured value can result in a shortfall in insurance cover, and this can lead to claims being rejected or only partially recovered. …

The Specification and Administration of Building Works Our expert Building Surveyors offer advice when building repairs, maintenance, alterations or conversion works are necessary. We often advise property owners and managers on the timing and budgeting of cyclical major works and Section 20 consultation procedures required for residential blocks under the Landlord and Tenant Act 1985….

Capital Expenditure Budget and Building Condition Reports When setting service charges, reserve funds or budgets; a landlord, managing agent or individual property owner needs a clear understanding of the condition of their premises and accurate projected building repair and maintenance costs. At LBB, our Chartered Building Surveyors have this specialist knowledge and years of experience….

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