The industry group comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks. This industry group also includes establishments primarily engaged in managing real estate for others, selling, renting and/or buying real estate for others, and appraising real estate.
The Massachusetts Supreme Judicial Court recently examined whether the liquidated damages provision in a commercial lease (i) constituted an unenforceable penalty clause as opposed to a reasonable prediction of damages, and (ii) could be invalidated due to a party’s level of sophistication or lack thereof.
In 2024, land acquisition in Victoria faces the impact of some notable tax changes which demand closer scrutiny from both vendors and purchasers. Navigating these tax intricacies will undoubtedly shape the success of your acquisitions and sales.
The reimbursement to a Swiss company by a Luxembourg company of the entire dividends received from a French company does not exclude the status of the beneficial owner and the exemption of the French witholding tax.
Many non-residents have retained property in France that they rent out -as non-professionals- during their absence. In many cases, the income they derive from this activity exceeds their other incomes in France, often non-existent as they carry out their professional activity abroad.
The opening of borders and the intensification of international economic relations lead to ever-increasing geographical mobility. Real estate transactions are not exempt from this phenomenon and increasingly involve an element of foreignness
The Landlord and Tenant Act 1954 entrenches an important principle that a qualifying tenant of a commercial premises is automatically entitled to a new lease, on the same terms once the contractual term has come to an end.
On October 4, 2023, Massachusetts enacted a new law called “An Act to improve the Commonwealth’s competitiveness, affordability, and equity” (the “Act”). The Act makes several tax law changes relevant to Massachusetts taxpayers.
On 19 September 2023, the NSW Treasurer handed down the 2023-2024 NSW State Budget. The Treasury and Revenue Legislation Amendment Bill 2023 will, once passed, implement several key measures announced in the Budget.
A lease agreement between a tenant and a landlord, need not be in writing, but if requested, the landlord must oblige, and the lease should be reduced to writing. The safest option would definitely be to reduce the terms and conditions to writing.