Stamp Duty Land Tax is a tax that is paid when purchasing a property. The amount of tax payable is dependent on the value of the property. On Friday chancellor Kwasi Kwarteng announced changes to residential Stamp Duty Land Tax with immediate effect. What do the...
The Government’s ban on the charging of ground rent on new leases will come into force on 30 June 2022 in England and Wales. The ban stops landlords charging a yearly ground rent. This applies to people buying new leasehold properties after 30 June 2022. They...
The Leasehold Reform Ground Rent Act 2022 received Royal Assent on 8 February 2022. It is due to come into force by August 2022. This Act seeks to restrict ground rents on new long leases of houses and flats. This is part of the government’s aim to make leasehold...
Witnessing a will by video link was brought into force during the pandemic to enable people who are vulnerable or isolating to have peace of mind their wishes will be legally recognised. The witnessing of wills over video link services such as Zoom and Skype has been...
The 30th September 2021 marked the end to the stamp duty holiday. From 1 October 2021, the normal stamp duty rules will apply.We have set out below the rates that apply when purchasing a property.Property Value SDLT RateUp to £125,000ZeroThe next £125,000 (portion...
