Inheritance Tax Burden on London and South East

Inheritance Tax Burden on London and South East

Recent newspaper articles have highlighted statistics that show where the burden of inheritance tax liability falls. The statistics for 2017/18 showed that the number of estates actually paying inheritance tax fell for the first time in a number of years, but also...
Leasehold Reform

Leasehold Reform

The Law Commission has published its leasehold reform report and amongst its recommendations are the following: An improved form of Commonhold ownership. Commonhold was introduced about twenty years ago but never took off. It enables leaseholders to own the freeholds...
Capital Gains tax changes for residential property

Capital Gains tax changes for residential property

A reminder that the rules for paying Capital Gains tax after selling qualifying residential property are changing from 6th April 2020. From this date, any UK resident must inform HMRC about the gain and the tax must be paid within 30 days of completion. This...
Rent reviews in the news

Rent reviews in the news

Commercial rent reviews are in the news following reports in The Evening Standard and The Daily Telegraph. They also look set to be a key battleground in the forthcoming London Mayoral elections. The Arch Company, the new landlord of most of the railway arches in...
Stamp duty surcharge for overseas buyers in 2020 budget

Stamp duty surcharge for overseas buyers in 2020 budget

The Chancellor has announced in his budget of 11th March that there will be a 2% stamp duty surcharge on the purchase of property by non-resident overseas buyers. The change will come into effect on 1 April 2021 and is payable in addition to the three percent...
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