Apr 14, 2021 | Conveyancing, Information, News, property law, Property Purchase, Property Sale, Residential Property
A Flying Freehold is that section of a freehold property that is either constructed over or extends into the neighbouring premises. Therefore the owner of the Flying Freehold is the owner of the section that is “flying” or extending above that of the neighbour but...
Apr 7, 2021 | Information, Inheritance Tax, Private client, Probate
A very short point; Inheritance Tax, when it is due, is generally spread across the assets in proportion, so that if a house is two-thirds of the estate, then it will bear two-thirds of the tax. The beneficiaries might decide to pay all the tax from the “cash”...
Apr 1, 2021 | Conveyancing, Information, property law, SDLT, Stamp Duty Land Tax
As of today a new element of the SDLT charge applies to ‘overseas buyers’, in the form of an additional 2% per cent charge. There are detailed rules about residence to establish who has to pay, but for example someone who has been working overseas permanently or for...
Mar 11, 2021 | Information, News, Private client, Wills
Another strange word beloved of lawyers. It applies to a situation where someone finds that they have been appointed executor in a Will, starts acting in that capacity and then regrets taking on the responsibility. An example would be an executor who takes control of...
Mar 3, 2021 | Information, News, Private client, Wills, Wills and trusts
Any Will can be challenged, generally in the following ways: It was improperly executed and therefore invalid. The Testator did not have mental capacity allowing him/her to understand what they were doing. The Will although valid does not provide adequately for...
Feb 25, 2021 | Conveyancing, Information, News, property law, Property Purchase, Residential Property, SDLT, Stamp Duty Land Tax
Conveyancing transactions have historically taken on average between 6 and 12 weeks. Due to the current position with regard to Covid and the Stamp Duty Land Tax changes the average timescale has increased to around 16 to 20 weeks. Although we will do all that we can...
