Selling part of your garden/property
If you own property which has surplus land, a large garden or a plot adjacent to it you might consider selling part of it off to make some money.
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…
Challenges with Conveyancing Cases– Practical Insights for Navigating the Process
Conveyancing, the legal process of transferring property ownership, has always had its complexities.
Declaration of Trust and the enforcement of charging orders
A recent case considering the enforcement of charging orders and the validity of a Declaration of Trust has highlighted the complexities surrounding property and trust matters in an insolvency.
What Does a Labour Government Mean for The Residential Property Market?
Now that a few months have passed since Labour’s landslide victory in the General Election in May, many are wondering what the potential changes are, with regards to the property market.
Landmark Renters’ Rights Bill — Implications for Private Residential Landlords
The government’s introduction of the Renters’ Rights Bill marks a significant shift for the private rented sector. Designed to protect tenants and rebalance the relationship between renters and landlords, the Bill introduces new regulations that will profoundly affect the way rental properties are managed.
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.
Commercial Landlords: Understanding Your Responsibilities
As a commercial landlord, it can often feel like you're navigating a maze of obligations and responsibilities.
Changes to Companies House Fees: Understanding the Impact.
It has been announced that effective 1st May 2024, Companies House, the United Kingdom's registrar of companies, has made significant changes to its fee structure.
When flipping taxes may trip up property developers
Property market commentators are divided on whether 2024 will see a further dip in house prices, while buyers play “wait and see” on the mortgage market. Meantime, many starter property developers are once more being drawn into the sector, with the lure of fast profits to be made while the market is slow. There are lots of advice available on making money from property, there is caution to be taken on the tax bills that investors may encounter if they are successful in building a portfolio or ‘flipping’ property by…