Reading Time: 2 minutes Coventry law firm is building on plans for its long-term future by investing in a group of apprentices.
Reading Time: 4 minutes Homeowners, estate agents and solicitors up and down the country are wondering whether to expect the traditional upsurge in the property market in April and May.
Reading Time: 2 minutes Coventry residents urged to check eligibility for LPA refund
Reading Time: 2 minutes An illegal waste wood stockpile on land in Devon has seen the landowner prosecuted and left with the clean-up bill after being held responsible for knowingly permitting the tenants’ activities.
The leader of a Coventry-based childhood cancer charity has thanked one of the city’s law firms for helping them to overcome the most difficult year in their history.
This time last year Shine A Light Support Service – which supports families affected by childhood cancer – had to leave Coventry Point with no initial alternative accommodation.
Charity founder Sam Schoolar eventually found new premises at the Koco Community Centre at Spon End, and joined forces with Band Hatton Button who adopted Shine A Light as their charity partner for 2018, which went on to raise more than £12,500 throughout the year.
“The donations from Band Hatton Button has quadrupled the annual income we are used to, and without that money it has given us the confidence to move forward from what was a very bleak situation,” said Sam.
“Without those funds we would have been looking at a very different future, but we now have two spaces at the Koco Community Centre where we support around 40 families a month.
“We have a play area for children and a café area for parents which means we can lay on coffee mornings and introduce structured play activities.
“We also have a separate space for private counselling which means we can provide a useful, rounded service for people who are doing through some of their darkest days.
“We’ve seen a big spike in enquiries for our services over the last couple of months – driven by word of mouth and referrals from hospitals – so we are appealing for as many donations as possible to help us keep up with demand.
“The two most popular services are the counselling and the trips that we do because that’s when families can socialise with others who have gone through similar experiences to them.
“We are also introducing some academic sessions for youngsters who can learn about coding and how to create their own game or website – it’s something different that helps to take their minds off what they are going through.”
Over the past year Band Hatton Button has hosted a charity ball, taken part in the Lake District Six Peaks Challenge and organised a quiz night in conjunction with the Rotary Club of Kenilworth to raise funds, with staff also helping to decorate the charity’s new base.
Sarah Jordan, Head of Marketing and Client Relations at Band Hatton Button, added: “This has been one of the most rewarding years for us as a firm having seen the difference that our fundraising has made.
“We’re hoping news of Shine A Light’s revival will inspire other businesses to reach out and help them grow further – they provide an invaluable support to families who are going through extreme difficulty.”
For more information about Shine A Light, visit www.shinealightss.org.uk.
Photo caption: From left, Jonathan Miller (Rotary Club of Kenilworth), Dina Parmar (Band Hatton Button), Kristy Ainge (Band Hatton Button) and Sam Schoolar (Shine A Light Support Service).
For more information contact Adam Manning:
A branding challenge toppled the golden arches when a small Irish fast food company managed to block the international McDonald’s food chain from trademarking the terms Big Mac and Mc throughout Europe.
The European Union Intellectual Property Office ruled that McDonald’s had not been able to prove genuine use of the name Big Mac as either a burger or restaurant name, and that the trademark they registered back in 1996 should be cancelled.
The judgement opens the door to expansion for Galway-based Supermac as it will be able to register its brand as a trademark in the UK and Europe. McDonald’s had used the brand name’s similarity to Big Mac as a reason to block previous expansion outside Ireland, even though the Supermac company name had been based on the founder’s nickname when the food chain was established in 1978.
Said commercial expert Sean Byrne of Coventry town solicitors: “This was a real David and Goliath case and demonstrates how important it is to protect your brand whatever your company size. It is also a good example of why you need to look ahead and anticipate where your company may go in future. If Supermac had registered their trade mark in other jurisdictions when they started out, they would have been in a stronger position when McDonald’s came along.”
The ruling in the case coincided with changes to UK trade mark law which came into force recently (14 January 2019) which saw amendments introduced to the Trade Mark Act 1994 as a result of the new EU Trade Marks Directive 2015/2436/EU.
The Directive is focused on harmonising the law at national level across member states and offers brand owners new ways to fight counterfeiting and misuse of trade marks within company names, as well as introducing new procedures for registration, renewal and restoration.
Some of the key changes are:
- Marks can be represented in forms other than graphically, allowing online filing in electronic formats, so that sounds, multimedia, animation or holograms may all be registered. A graphical representation will still be required for registration under the international Madrid system
- Technical function restrictions have been extended, so these apply not only to shape, but also to any other characteristic which performs a purely technical function
- The Intellectual Property Office will no longer notify applicants if any conflicting trade mark has expired at the date of filing, meaning applicants need to conduct searches themselves for any trade mark that has expired less than a year before their application, as these could be restored or renewed
- Proof of use, which may be used in any opposition proceedings, will no longer be effective from the date of publication but will instead be counted from the date of filing, which will need to be borne in mind when counting down for the challenge on the five-year period for non-use
- When owners believe counterfeit goods are being exported bearing their trade mark, they will no longer have to prove they are the right holder in order to detain the goods; instead, the burden of proof will be with the exporter to show that the holder does not own the right
- Owners will have extended rights to act against those producing packaging, labels or other materials to be used on counterfeits, even where the producer is unaware that they are acting without authority
- Dictionary usage that identifies a trade mark as a generic term will be open to correction, including the option of a court order for amendment of a publication
- Easier rules for restoration of a lapsed trade mark will require applicants to demonstrate only that the failure to renew was unintentional, where previously a decision had to be made as to whether it was just to allow the renewal
- The ‘own name’ defence for use of an existing company’s name has been removed for company names, so in future this will be an infringing act and will be allowed only for personal names
Added Sean: “The amendments to UK law are mainly straightforward and many people will have come across them as they have already been implemented into EU Trade Mark Law.
“The one that may cause some controversy is the change to the own name defence as this is not being applied retrospectively, so we will have situations where long-standing companies continue to use a name that would fail under the new infringement provisions and we will have to see how the courts tackle this.”
A Coventry law firm is moving into larger premises in the city in line with its growth plans and to ensure the business is well placed for the future.
Band Hatton Button, which currently occupies 7,500 square feet of office space on Warwick Road, is making the move to Earlsdon Park on Butts Road to acquire 11,500 square feet of open-plan office space on a 15-year lease.
The move heralds a new era for Band Hatton Button, which has grown its workforce from 62 to 82 and increased its budget from £3.5 million to £4.5 million since forming in 2013 as a result of a merger between Varley Hibbs, Button Legal and Band Hatton.
Band Hatton Button are set to move into their new premises over Easter, and managing director Mark Moseley highlighted the significance of the move.
“This office move is laying the foundations for us to realise our long-term ambitions to grow – both organically and through acquisitions,” said Mark.
“We are nearing maximum capacity in our existing offices whereas the new space will enable us to grow our workforce to around 120 staff which has been our plan for some time.
“Extra office space is key for us as we are keen to attract new talent into the firm which will help us to diversify our client-facing services.
“We are particularly on the lookout for individuals with commercial expertise in the agriculture and construction sectors, which are going to be two big areas of focus for us over the coming months and years.
“We’ve enjoyed a successful journey of growth since the business’ merger in 2013, notably more recently with Coventry’s in-demand residential and commercial property markets, which is showing no signs of slowing down.
“We are in the heart of a city that is attracting more students than ever before, is at the forefront of developing driverless cars and is preparing to become UK City of Culture in 2021 – the future is bright for Coventry and we look forward to sharing in the city’s success.”
First-time buyers who bought a shared ownership property in the last twelve months should check if they are due a refund on any stamp duty paid.
That’s because when Chancellor Hammond extended the stamp duty relief available to first-time buyers of shared ownership property in his Autumn 2018 budget, he also applied the extension retrospectively to any qualifying transactions that took place between 22 November 2017 and 29 October 2018.
Since November 2017, relief has been available to first time buyers of shared ownership property who opted for the full market value election, paying stamp duty on the value of the whole property not just their share. Now, the relief has been extended to the first premium for those opting to pay their stamp duty in stages, and, in the case of a newly granted lease, to the portion calculated on net present value of rent.
For those paying in stages, first time buyer relief will continue to be excluded from subsequent stages of any so-called ‘staircasing’. And for those purchases of a property with a market value in excess of £500,000, normal stamp duty rates will apply.
Stamp Duty Land Tax (SDLT) is payable in England on residential property transactions where the market value is more than £125,000, with a tiered scale related to the purchase price, but there are different rules if you’re buying your first home and the purchase price is below £500,000. These provide a complete exemption from stamp duty for qualifying first-time buyers where the full market value of the property they’re buying is £300,000 or less, and a reduced bill when the full market value is £300,001 and £500,000. Overall, this can make a saving of up to £5,000 on the stamp duty payable.
When the property is being purchased under an approved shared ownership scheme, the calculations are more complex, and buyers can choose whether they pay SDLT on the full market value or just on the value of the share they have purchased. Also, when buying a new lease for a new build shared ownership property, SDLT is due on what is known as the ‘net present value of rent’.
Said property law/conveyancing expert Sarah Avern of Band Hatton Button solicitors in Coventry: “Any first time buyer who completed on a shared ownership purchase on or after 22 November 2017 and opted to pay stamp duty in stages, can now make a claim for a refund of stamp duty. And those who elected to pay the full market value option should also check where they stand, if the purchase involved a new lease, as they may be due a rebate on the rental element, to which the relief has also been extended.
“Many first-time buyers could stand to benefit from the changes, as they are less likely to have opted for the market value election. It involves paying out a large sum up front in expectation of later staircasing, and it’s often not a viable option for those starting out on the property ladder.”
Any claim must be made to HMRC no later than 28 October 2019. Refunds will also attract repayment interest at 0.5% for the period involved.
Saah added: “For those not yet on the property ladder and considering shared ownership, it’s worth getting some guidance in advance to understand what costs will be involved at each stage as it can involve a complex set of calculations.”
|Understanding the options on stamp duty for shared ownership purchases|
|Market value Election : pay up front
You use the total market value of the property to calculate how much to pay, no matter what size share you are buying. You don’t pay any more SDLT after this, even if you buy a bigger share in the property later.
|Paying in stages : pay as you go
You use the price you pay for the lease – known as the ‘lease premium’ – if it’s above the SDLT threshold. If the lease premium is below the threshold, you don’t pay SDLT at this point. Those who qualify will receive the first-time buyer exemption on the SDLT against the lease premium, but will not qualify for the exemption if they buy a bigger share of the property later.
If you buy any more shares in the property, you don’t have to pay any more SDLT or send a return to HMRC until you own more than 80%, but once your share of the property goes over 80% you must send a return and pay SDLT on the transaction that took you over 80% and any transactions after that. Once you own over 80%, earlier purchased shares may become linked and so SDLT might become due on those previous shares. No first-time buyer relief will apply to staircasing share purchases after the initial lease premium transaction.
|SDLT on new leases
This is the complex part of the calculation when a new lease is involved, as you may have to pay SDLT if the total rent over the life of the lease is more than £125,000. This is known as the ‘net present value’ and SDLT is due at 1% on the amount over £125,000 and must be added to any SDLT being paid on the lease premium. It is calculated by working out the current value of the rent you will pay to the housing association over the full length of your lease.
Coventry law firm Band Hatton Button has landed triple recognition at a regional awards ceremony in what has been a record year of accolades for the firm.
Keri Wood, lawyer in the wills, trusts and probate department scooped young lawyer of the year at the Warwickshire Law Society’s annual dinner, which was attended by 120 people and 8 law firms at the Manor Hotel in Meriden.
Daniel Blood, Head of commercial property at Band Hatton Button, was also named as lawyer of the year, while the residential property team triumphed in the team of the year category.
Keri was recognised for her inspirational journey since joining the firm in 2006 – working her way up from a receptionist to a fully-fledged lawyer, which involved studying alongside her full-time job.
Daniel – who oversees a 20-strong group – saw his commercial property team beat their 2018 financial year target by over 30 per cent, a record result, with Daniel smashing his own individual target by more than 40 per cent.
Band Hatton Button’s residential property team has seen consistent growth. The alleviation of stamp duty for first-time buyers meant that Band Hatton Button’s residential property team, led by Sarah Avern, saw a 46 per cent increase in demand in the 2017 financial year, smashing their financial target by around £180,000.
This growth has continued, with residential property currently operating at 116 per cent of their financial target for the 2019 financial year.
The triple recognition follows the firm’s recent success at the Coventry Telegraph Business Awards, where Band Hatton Button won the contribution to the community and leadership team of the year categories.
Mark Moseley, managing director at Band Hatton Button, said: “To receive five separate pieces of recognition for our work in 2018 is a phenomenal achievement.
“It also reflects what a buoyant region we are operating in with growth across the majority of departments, and the challenge is to keep on capitalising on the opportunities that are out there.
“Keri is a fantastic role model for the next generation of lawyers, while Daniel and Sarah have unrivalled reputations in their respective areas that are helping us to continue our growth year-on-year – congratulations to all of them on their awards.”
A growing Coventry law firm will see the New Year in with associate level promotions for six of its lawyers.
Band Hatton Button, based on Warwick Road in the city centre, has promoted lawyers Charlotte Macalister, Christina Polychronakis and Lisa Moseley from the firm’s wills, trusts and probate team to associate.
Kristy Ainge and Raman Dhillon from the firm’s litigation department are also starting 2019 at associate level, as is residential property lawyer Rani Bola.
The promotions come off the back of a strong period of growth for the firm, which currently has an annual budget of £4.5 million.
“This particular group epitomises why we are growing organically as a business with their positive customer feedback and dedication to personal development, whether that’s expanding their legal knowledge or engaging with community groups,” said Mark Moseley, managing director at Band Hatton Button.
“They have around 50 years of service to the firm between them.
“Charlotte, Christina and Lisa are all now accredited members of Solicitors for the Elderly, and are signed up as Dementia Friends, ensuring they are tuned in to how issues affecting the nation’s elderly community can affect their assets in later life.
“Having Kristy on board as a solicitor advocate also means we are able to represent clients in court as well rather than handing a case over to a third party – and because of her strong networking skills we are making significant headway with this service.
“Raman joined us two years ago with a sterling track record of acting on multi-million pound cases and has developed her case load to drive strong year-on-year growth for the litigation department.
“Rani is one of our longest-serving colleagues having joined us in 2000 and has built up unrivalled relationships with a range of the region’s estate agents, which has stood us in good stead, and the residential department continues to see exorbitant work levels.
“This group of professionals are role models for other up-and-coming lawyers which is particularly useful as we look to expand our teams further over the coming year.”