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
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Daughter Loses Inheritance Battle to RNLI
A recent battle between the RNLI and a disinherited daughter shows just how important it is to have a professionally drafted Will.
Who Died First? An Important Question in Probate
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.
Using Your Gift Allowance at Christmas
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
Inherited a house that was slow to sell? You could be due a tax refund
If you’ve inherited a property that took some time to sell, you may be due a refund from the taxman.
No Will? Here’s where your cash might go
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.
Freehold, leasehold, commonhold: what’s the difference?
When buying a property, it is important that you understand the different forms of legal ownership: freehold, leasehold, or commonhold.
Next year’s changes to Capital Gains Tax (CGT) and Lettings Relief are impacting people now
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.
Commercial Development of Heritage Conservation Areas
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
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.
Renegotiating a Better Deal on Your Commercial Lease
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 […]
Plan now or pay later: six simple steps to save time, stress and money
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.
Bitter disputes with the bank of mum and dad
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.
Will new prime minister bring a boom to the housing market?
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.
Lasting power of attorney – trouble at the bank
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.
Inheritance tax rules – time for a change?
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.
Supreme Court Ruling Impacts Commercial Landlords and Tenants
The case of S Frances Ltd v The Cavendish Hotel has important implications for commercial landlords who wish to terminate a tenant’s lease.
Commonhold Consultation – An Effective Alternative to Leasehold?
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.
Help to Buy to be capped for Northerners
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.
What is an Executor Responsible For?
An Executor is responsible for applying for a Grant of Probate and administering a deceased person’s estate.
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