HT-2019-CDF-000012 - [2025] EWHC 1315 (TCC)
Technology and Construction Court

HT-2019-CDF-000012 - [2025] EWHC 1315 (TCC)

Fecha: 30-May-2025

Conclusions

Conclusion

37.

The application succeeds.

38.

The claims in the table in paragraph 51 of the Schedule of Loss will be struck out, except for Service Charge Loss and Interest Loss.

39.

The claim of the third claimant will be summarily dismissed.

Appendix: Paragraph 51 of the Schedule of Loss

Part 1

Loss Claimed

339 Vega House

354 Vega House

Total Capital Losses

£118,000

£199,000

Investment Loss

£51,400

£87,000

Re-investment Loss

£29,700

£50,300

Service Charge Loss

£8,989.11

£14,032.05

Total

£208,089.11

£350,062.05

Part 2

Rental Income Loss

To be confirmed following service of expert evidence.

Secured Borrowing Loss

Based on raising a 50% mortgage and re-investing the capital in further property with a 50% mortgage, the Wilsons would have increased their capital gain by 100%.

Interest Loss

Interest as referred to in paragraph 26 of the Re-Re-Re-Amended Particulars of Claim

Indemnity

Following the decision in Coastal Housing Group Ltd v Mitchell & Anor [2024] EWHC 2831 (Ch), there is a real risk that tenants (Contract Holders) who have rented the Flats from the Wilsons will be able to reclaim rent paid at least since 1 December 2022, when the Renting Homes (Wales) Act 2016 came into force, as a result of the Flats being unfit for habitation.

Taxation/IHT

CGT liability – TBC

Cost of IHT insurance premium