Often the first thing we as solicitors see when instructed on a new commercial letting for a tenant are the already agreed “Heads of Terms”, being the starting point for the basis of the legal documentation. Unsurprisingly, these can often be heavily landlord biased and therefore it is always advisable to engage your solicitor early […]
Following the recent budget announcement, if you, and anyone else you’re buying with, are first time buyers of a residential property you can now claim relief on purchases: made on or after 22 November 2017 where the purchase price is no more than £500,000 You will pay: 0% on the first £300,000 5% on the remainder […]
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Many commercial leases contain break clauses allowing a landlord or a tenant to choose to end their lease early. A break may arise on specified dates or it may be exercisable at any time provided that the party exercising the break gives a minimum amount of notice. Exercising a break sounds simple enough but, in […]
Property fraud is where someone pretends to be the owner of a property and effectively steals that property by taking the actual owners identity and either selling or mortgaging the property without the true owner’s knowledge. They pocket the money and disappear leaving the true owner to face the consequences. This type of fraud is […]
Reports about the controversial plans to increase probate application fees payable after death have hit the headlines recently. They had been due to rise from £155 or £215 to up to £20,000 for some estates in England and Wales and critics have called this a tax on death. The general election has put paid […]
The law relating to the tax relief available on capital allowances is complex, but it presents an opportunity for owners of non-residential freehold and long leasehold property to make significant tax savings. However, there is also a risk, especially from a buyer’s perspective where the property is being sold, that if capital allowances are not […]
The Government introduced Help to Buy ISAs to help first time buyers save for a home. The ISA works in the same way as traditional ISAs. However, provided you meet certain criteria, you can claim a bonus of 25% when closing the ISA account. The criteria to qualify for the bonus payment is as […]