UK

MAKING A WILL DURING THE PANDEMIC

With COVID-19 remaining the key issue of the day, many of our clients have asked whether they can still create or amend their wills or powers of attorney during the national lockdown. The Law Society of Scotland has issued temporary guidance for the duration of the pandemic, meaning that the simple answer is yes. While our offices may be closed for the time being, Miller Samuel Hill Brown remains available to assist all of your Private Client needs. Read more…

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THE IMPACT OF COVID-19 ON MISSIVES

Everyone and every sector has been impacted by COVID-19 and the property market has been no exception. Whilst in the first lockdown which started on 23 March 2020, the property market stopped, that has not been the case in this second lockdown that we are all currently facing.

Unlike the first lockdown, the property market is still moving, the Registers of Scotland have kept the application register open for registering new title and interest in property in the Land Register and so transactions can still complete. Read more…

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THE COMMERCIAL LANDLORD IN A PANDEMIC: WHAT TO DO ABOUT LEASE ARREARS

It will come as no surprise to hear that a large number of commercial landlords are becoming increasingly concerned about accruing or ongoing arears which have arisen (or been exacerbated) by tenants struggling in the current commercial climate.

The government has introduced legislation which has an impact on this [The Coronavirus (Scotland) Act 2020 (“the Coronavirus Act”)] and have also released some guidelines seeking to address and recognise the inevitable conflict that has arisen between landlords and tenants [The Code of Practice for Landlords and Tenants of Commercial Property (“the Code”)]. The requirements of the Act are mandatory, whereas the Code is advisory. Read more…

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COVID-19: BUSINESS AS USUAL?

Last Friday the Scottish Government introduced new restrictions designed to combat a recent rise in COVID-19 cases – with various ‘protection levels’ being introduced in different areas across the country.

It comes as no surprise to us that clients are eager to know what this means for their move and to what extent the housing market can continue operating as normal. Read more…

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Furlough Extended: What are the rules?

As you may be aware, on Saturday 31st October 2020 the UK government announced that, in light of the new lockdown being introduced in England, the furlough scheme is being extended for a further month and will now end in December 2020. This means that the Job Support Scheme previously announced will be postponed and come into effect once the extended furlough ends.

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THE RULE OF 14 WHEN TENANTS FALL BEHIND WITH RENT

For many businesses and sectors, 30th September 2020 was supposed to be the end date of the plethora of legislative changes brought into force by the Coronavirus (Scotland) Act 2020. However, as a result of secondary legislation, the Coronavirus (Scotland) Acts (Amendment of Expiry Dates) Regulations 2020, means the expiry date of 30th September has been extended to 31st March 2021.

For commercial landlords, this means the continuation of a 14 week minimum notice period before being able to evict tenants for non-payment of rent or other sums due. Previously, the minimum notice period was 14 days. So what does this mean for businesses operating as landlords?  Read the full blog.

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JOB SUPPORT SCHEME IN DETAIL

The government recently announced a new Job Support Scheme to take effect on 1st November 2020. Originally announced at the end of September, it was extended to support businesses required to close and, as of last week, has been updated to reduce the costs to employers.

The new scheme will have two strands. The first is a general scheme, known as the Job Support Scheme Open (JSS Open) which will provide support to pay the wages of employees who are working reduced hours.

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Private investment is the answer

First the bad news. We stand at the beginning of a brutal economic crisis of truly historical proportions. Many businesses will fail and employees lose their jobs. Economic, social and quality of life issues loom. Much of this pain may be unavoidable.

But do not despair. There is a solution. There is a lot more that government and the business community can do to ease the pain. Investors have capital they are willing to invest in the SME space.

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MARKET BOOM IN THE WAKE OF NEW LBTT RATES

BACKGROUND

‘Unprecedented’ is surely the word of choice this year.  In a matter of months, coronavirus has redefined the way we work, live and interact with one another.  The various restrictions imposed to try and reduce the spread have profoundly impacted the global economy and things are almost certain to get worse before they improve.  In the midst of all of this, there is, however, some cause for optimism in the residential property market in Scotland where there has been a sharp rise in house prices with few properties staying on the market for long before successful sales are achieved. Read more…

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CORONAVIRUS CRISIS BRIEFING

All information contain within this update is accurate at the time of publication. During these unprecedented times where the situation is constantly changing at pace it is vital that you take expert advice where necessary. Please do not hesitate to contact us if you wish to discuss any issues covered in these updates further. The Hill Brown Licensing Team and the wider team at Miller Samuel Hill Brown remain committed to providing the fullest possible service for the trade at this extremely challenging time. Read more…

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