New Capital Gains Tax (CGT) rules are on the way which may affect couples who are splitting up and plan to sell their home eventually, accidental landlords and those who have bought a new home without selling their old property.
If you are planning to develop a commercial property in a conservation area, legal advice is essential. If you break the rules, you could find yourself in trouble.
Selling part of your business property for development is a good way to raise capital. However, there are lots of things to consider before you go ahead with the sale. If you do not put the right measures in place, you could regret your decision later on.
If your commercial lease is up for renewal, now is the time to renegotiate the terms and conditions. The draft lease will likely be prepared by your landlord’s solicitor, and so will almost certainly favour your landlord. However, you can always push back to get yourself a better deal. You are perfectly entitled to do […]
It’s not uncommon for some of our mental capabilities to decline as we age. Many people find their memory gets worse; and processing speed, reasoning and executive functions can also slip as the years pass us by. Unsurprisingly, therefore, many people need a helping hand with finances as they get older.
Thanks to soaring house prices, it is increasingly difficult for young people to get a foot on the property ladder and consequently the bank of mum and dad is often called upon to help out. In fact, parents assist with one and five property purchases, making them the UK’s tenth biggest lender, according to the Times. Unfortunately, few families record the nature of their arrangement in writing and this can cause difficulties down the line.
A change at the top can often bring a boom to the economy but with Brexit looming will Boris Johnson prove to be a boon to the UK housing market.
Investigations into inheritance tax (IHT) are increasing and those inheriting properties need to make sure that their inheritance tax accounts are perfectly in order.
A Lasting Power of Attorney gives someone you trust the ability to manage your financial affairs for you, should you become unable. It allows you to nominate one or more Attorneys who can help if you are incapacitated or at any other time with your permission.
A change to Private Residence Relief could see more homeowners paying hefty Capital Gains tax bills on the sale of their homes.
Figures released by the Office for National Statistics (ONS) show that property house prices in the Northwest of England rose by 3.4 per cent in the year to May.
A review of inheritance tax (IHT) rules has led to recommendations that the Government make it simpler for people to pass wealth on to future generations.
The case of S Frances Ltd v The Cavendish Hotel has important implications for commercial landlords who wish to terminate a tenant’s lease.
In July 2018, the government published a revised version of the National Planning Policy Framework, known more commonly as the NPPF2. Its aim is to encourage local authorities to build more affordable housing, in the hope of easing the housing crisis. In fact, the goal is to supply 300,000 homes each year by the mid-2020s.
The Law Commission is currently analysing responses to a consultation on commonhold. Their report is due to be published later this year. The aim is to reform commonhold laws, making it a preferred alternative to leaseholds.
On 1 April 2018, the Minimum Energy Efficiency Standard (MEES) regulations came into force. Since then, a landlord has been unable to grant or renew a lease, if their property has an EPC rating of F or G. These properties are known as ‘substandard’. From 1 April 2020, a landlord cannot continue to rent a substandard property.
Tenant Fees Act comes into force on 1st June 2019 affecting all Landlords in the private rental sector in England.
A new cap due to be rolled out for the Help to Buy scheme in April 2021 will make it difficult for first time buyers in the North to find affordable properties.
The number of rent deposit disputes between landlords and tenants that are being resolved before they reach the final adjudication process has increased, according to a report by the Tenancy Deposit Scheme (TDS).
A survey carried out by the Residential Landlord’s Association (RLA) has revealed that more than one in four landlords will sell at least one of their properties over the next year. This exodus from the buy-to-let sector is thought to be fuelled by rising property prices coupled with unfavourable legislation, encouraging landlords to cash in on their gains.