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Row of Houses

Changes to Stamp Duty Land Tax in the 2024 Budget

Chancellor Rachel Reeves has unveiled the first Budget of the Labour government. The Chancellor revealed that the rate of Stamp Duty Land Tax (SDLT) payable on the acquisition of additional dwellings (a second home) by individuals, or the purchase of dwellings by companies is to increase. These transactions will now be subject to an additional rate of 5% above the standard residential rates of SDLT, increasing from the previous surcharge of 3%. What is a second property? A second property is a residential property purchased in addition to your main…

NDAs

NDAs – an overview

A Non-Disclosure Agreement (NDA), also referred to as a Confidentiality Agreement, is a legal mechanism used primarily in employment or business contexts to safeguard confidential information. NDAs are versatile instruments applicable across various scenarios, but their core principle remains the same: one or both parties agree not to disclose specified confidential information. NDAs can either be standalone documents or be incorporated into broader agreements. For example, there may be non-disclosure clauses in an employment contract or a Settlement Agreement, to ensure that proprietary or sensitive information remains confidential. Types of…

Jargon busting – Wills

Legal terms are used in formal documents to ensure clarity. A will is a formal document. The terms used form a kind of shorthand to save lengthy explanations or repetition throughout the document. They are also used to avoid ambiguity to those who need to interpret the document.

Bowling & Co Support London Legal Walk 2024

The team at Bowling & Co were delighted to take part in the 20th Anniversary London Legal Walk earlier this month. They raised over £1000 for this worthwhile cause and all enjoyed the experience. Our team was made up of Leah, Kimberley, Rosa, Merve, Tony, Mert, Harry, Zafrin, Farasat, Sanem and Rohan. The team walked with the Lady Chief Justice and thousands of lawyers to raise funds for the London Legal Support Trust (LLST). Over the last 20 years, by walking together for justice, an incredible £10.5 million as been raised, helping…

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