Years of promised reforms to leasehold homeownership have yet to materialise, but a series of reports by the Law Commission highlighted how the government might give leaseholders more control over their homes. What does leasehold mean? If your property is leasehold, you only have the right to occupy it for a given period. You are […]
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The earlier you plan your estate, the better. For example, if you die seven years after giving away money, that amount sits outside of your estate for inheritance tax purposes.
In a move that surprised many, Mr Sunak chose to include buy-to-let investors and second homeowners in the Stamp Duty holiday. Therefore, on a property worth £250,000 a buy-to-let investor would only pay 3% SDLT rather than an additional 2% on £125,000 of the transaction, a saving of £2,500.
With more than 9 million people receiving 80% of their wages and with the threat of future redundancies, your children may turn to you for help. If you are thinking of giving money to your children, here’s a handy guide to help you avoid the pitfalls of inheritance tax (IHT). One-off gift You can give […]
The Prime Minister, Boris Johnson, announced plans to revive high streets by making it easier to turn vacant shops into houses in a speech yesterday. Such a move might be a welcome boon to Southport with the once renowned Victorian boulevard of Lord Street now little more than a row of vacant buildings. In his […]
(HMRC) assess Inheritance Tax on the value of a person’s estate on the date of their death. In some circumstances an asset can lose value – particularly stocks and shares – before an executor can sell the asset.
The death of a loved one is hard enough in normal times but when you can’t get into the bank or speak to a customer service representative, it can make things even harder. During the current Coronavirus crisis, many bereaved people are struggling to register the death of a loved one due to council offices […]
After almost two months in deep freeze, the housing market is open for business again, but this is not the housing market we knew before lockdown. The government’s re-opening of the market, came as a surprise to conveyancing solicitors, surveyors, estate agents, and removal companies, this has left them scrambling to put safety measures in place.
With a quarter of the UK’s population either unemployed or on furlough, many tenants are struggling to pay their rent. We look at what rights landlords have during this time.
With most of the UK in lockdown registering a death can be difficult. You cannot register the death in person, instead councils are offering telephone appointments.
On the 26 March 2020, the government published guidance on moving home during the pandemic. While many have viewed this as a pause to the property market, it does not prohibit the marketing of properties.
The COVID-19 pandemic has created a lot of confusion, not least for those who are in the midst of buying a property.
To provide clarity, we’ve answered some frequently asked questions.
How do I get my will witnessed if I can’t come to the office?”
With the UK in lockdown, many banks and building societies are tightening their rules on lending leaving many people locked out of mortgage deals.
A green lease is a type of commercial lease entered into by a landlord and a tenant. It places obligations on each party to comply with environmentally sustainable objectives
A recent battle between the RNLI and a disinherited daughter shows just how important it is to have a professionally drafted Will.
When two or more people die together – and they own joint assets – it is important to discover who died first. If this cannot be established, it is assumed that the deaths occurred in order of age. In other words, the oldest person died first.
Are you thinking about gifting your loved ones this Christmas? With the right advice, you can make these gifts tax exempt. This ensures that if you die within the next seven years, the gifts will not be considered part of your estate – and therefore will not be subject to Inheritance Tax
If you’ve inherited a property that took some time to sell, you may be due a refund from the taxman.
Around two thirds of the UK’s population of adults have not made a Will. But do you know what happens to your assets if you die ‘intestate’? Many are surprised to learn they can actually end up with the Crown.