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In response to the Chancellor's Summer Statement at Westminster, the Cabinet Secretary for Finance, Kate Forbes MSP, has said that the Scottish Government will raise the threshold for Land and Buildings Transaction Tax (LBTT) from £145,000 to £250,000. Read More...

Electronic signatures for conveyancers

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Government to extend the time period for suspension of the forfeiture of evictions

Tuesday 23 June 2020

On Friday 19 June 2020, the UK Government announced that it will extend measures to prevent high street businesses facing eviction over the Summer.

The UK Government will lay a Statutory Instrument to amend the Coronavirus Act to extend the time period for suspension of the forfeiture of evictions from 30 June 2020 to 30 September 2020. This means that no business will be forced out of their premises if they miss a payment in the next three months.

The UK Government will also lay Secondary Legislation to prevent landlords using Commercial Rent Arrears Recovery unless they are owed 189 days of unpaid rent. The time period for which this measure is in force will be extended from June 30 to September 30.

In addition, an amendment to the Corporate Insolvency and Governance Bill has been tabled. The amendment aims to extend the temporary ban on the use of statutory demands and winding-up petitions where a company cannot pay its bills due to Coronavirus until 30 September.

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As our high streets come to life and our town centres open for business, it is crucial that both landlords and tenants have clarity and reassurance as they seek to keep their finances stable and bounce back.

That is why we are extending measures to protect those who are unable to pay rent from eviction so that businesses have the security they need to plan for their futures. 

Rt Hon Robert Jenrick MP, Secretary of State for Housing, Communities and Local Government

 

UK Government press release