Addleshaw Goddard

UK 200 2013 position: 23

Budget 2014: implications for the real-estate sector

George Osborne delivered a fiscally neutral Budget that was billed as a ‘credible plan to eliminate the deficit over the next four years’. There was very little excitement for the real-estate sector, with no news building on the Autumn Statement 2013 to address business rates, despite intense lobbying from the sector. There was some support for the housing industry and some strong tax measures imposed on residential property enveloped in a corporate structure.

The government will review the General Permitted Development Order and will consult on specific change-of-use measures: a proposal for a wider ‘retail’ use class, excluding betting shops and payday loan shops; greater flexibility for change to residential use, giving the ability to change from warehouse/light industry use to residential as an example; and greater flexibility for businesses to expand facilities such as car parks and loading bays within existing boundaries where there is little impact on local communities.

The new Planning Court will be launched on 6 April 2014. The response to consultation on the Nationally Significant Infrastructure Planning Regime is due shortly…

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Analysis from The Lawyer

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    Another Mancunian merger for Slater & Gordon?

    Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?

  • Addleshaws

    Number crunching: Addleshaw Goddard

    The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.

View more analysis from The Lawyer

Overview

Milton Gate
60 Chiswell Street
London
EC1Y 4AG
UK
http://www.addleshawgoddard.com

Turnover (£m): 166.50
No. of Lawyers: 592

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