Since May 2016, the top end of the relative premium range we have quoted in lease extension cases has often been higher because of an Upper Lands Tribunal case involving three properties in Prime Central London (known as Mundy) which, amongst other issues, set a precedent for how to assess ‘relativity’ (the difference between short

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Yesterday’s budget abolished stamp duty immediately for first-time buyers purchasing properties worth up to £300,000. To help those in London and other expensive areas, the first £300,000 of the cost of a £500,000 purchase by all first-time buyers will be exempt from stamp duty, with the remaining £200,000 incurring 5%. Above £500,000 there is no

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