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Living in the most expensive and densely populated part of the UK as the capital and the South East, the subject of property is never far from many people’s minds.

Therefore, a call on the Chancellor of the Exchequer to scrap Stamp Duty to boost the economy is of great interest to more than just ourselves, as solicitors dealing with conveyancing in London.

Philip Hammond must scrap stamp duty on property sales to solve the housing crisis and boost the economy, claims respected think tank, The Adam Smith Institute.

The organisation said the tax, which raised £11.7billion last year stopped people moving jobs and kept them in houses too large for their needs.

It said that penalising older people for downsizing, stamp duty makes the number of larger homes on the market for growing families even smaller.

The Adam Smith Institute called on Mr Hammond to cover the cost of scrapping stamp duty by raising council tax on the most expensive homes.

Stamp duty

A spokesman for the institute said Britain’s productivity problem is in large part a mobility problem as many cannot move to where the best jobs for them are because the houses aren’t being built, and it’s exacerbated by stamp duty keeping older people in family homes that are too large for them.

Interestingly, this comes on the back of a report earlier in the year by the London School of Economics and the VATT Institute for Economic Research saying the rate of home moving would be 27 per cent higher without stamp duty.

Currently the rates of stamp duty are:-

No stamp duty on property under £125,000

  • £125,000 – £250,000 is 2%,
  • £250,000 – £925,000 is 5%
  • £925,000 – £1.5m is 10%
  • Over £1.5m is 12%

It doesn’t take long to work out that it is a sizeable amount of money to find for people caught up in property transactions.

Whilst we suspect this is something that will not happen, we welcome all pro-active attempts to help the economy.

It certainly is a unique time we are living in and anything that can boost people’s lives is to be welcomed.

If you are thinking of moving home and need help and advice regarding stamp duty, or any other aspects of conveyancing, please call us at Pindoria Solicitors, we are happy to talk through your situation with you.

Posted in Conveyancing, Property

Pre-nuptial agreements can be a thorny subject, with many seeing them as a very unromantic start to a life together.

However, the appeal of Prenuptial Agreements as a way to protect wealth going into a marriage is expected to gain in popularity after a woman lost her case for an equal share of her ex-husband’s assets.

Karen Hart had wanted half of her husband’s £9.4m fortune, but at the Court of Appeal, Lord Justice Moylan, agreed the £3.5m, out of total resources of just under £9.4m, in a financial remedy order made in June 2015, was the right decision. Read More

Posted in Family Law

It is with intrigue that we have read recent research from Countrywide Estate Agency showing that one in 20 offers on properties in the South East that were originally accepted by a seller in 2017 were then rejected in favour of a higher one from a different buyer.

It showed the number of properties on which gazumping has occurred is up by 35% on 2011.

The gazumping tactic is a fraught business when a buyer has an offer accepted on a property, they then naturally start to emotionally move in.

It is a terrible disappointment when an estate agent rings to tell them that someone has made a higher offer and the seller is now going to accept the other buyer’s offer.

Gazumping now is a little perplexing as the level of residential property transactions has fallen from its recent high. Read More

Posted in Property

As most of us with memories long enough to recall a handful of channels on TV and no Internet can testify,we’ve seen much transformation in the last generation.

Like all change, there is plenty of room for debate and often statistics can provide room for interesting conversations.

As divorce lawyers, who deal with family law as part of our many services, we at Pindoria Solicitors have witnessed the differences in family life more than many, with co-habitation, civil partnerships, and same-sex marriages something, which has changed life beyond all recognition from a generation or two ago.  Read More

Posted in Family Law

When it comes to wills, trusts, estates etc., we naturally think of our property, money and perhaps family heirlooms, when assessing our wealth.

However, as a London wills and trusts experts, it has become more evident to us at Pindoria Solicitors that the changing times means we need to look into what we hold in the online world as well.

Of course, we realise the majority of an individual’s assets generally are in the real world, but a music library, social media photo album or PayPal accounts should also be taken into account. Read More

Posted in Private Wealth

Thankfully, word or mouth remains the number one way that law firms acquire new clients – this despite living in an era where the phone, tablet or laptop is never far away. Trusted law firms in London, Lanarkshire or Lagos though must be aware of the power of online messages, and only those unaware of this may encounter problems.

Sadly though, whilst the internet has no doubt widened choice for all of us, we now have a situation where unregulated seller of legal services establishing themselves at the top of Google and other internet searches are leaving the public in potential jeopardy. Many law firms are still excluded from the first page of Google in response to basic legal questions. Read More

Posted in Legal News

Sadly, there are more legal fights over deceased estates than in previous decades and the ensuing battles for all involved can be testing. One such example, which made the news over the summer, was the case of the Ball family from Wiltshire, which is notable due to the dark circumstances, which led to three of the youngsters being omitted from their family legacy.

The problem started 26 years ago, at the beginning of the 1990s when three siblings made allegations against their father and has ended with children losing out in a battle over the family’s estate. The siblings lost their challenge to the Will of their late mother, Barbara Ball’s legacy, which they fought on grounds of lack of mental capacity, and of undue influence by her husband. Read More

Posted in Legal News

What has the death of a country and western singer in Middle America got to do with life in London?

Of course, on the face of it there seems very little connecting the passing of Glen Campbell with us in the South East of the UK. However, when the cause of death as Alzheimer’s is brought into the equation it then begins to make sense.

Legal experts like ourselves at Pindoria Solicitors see many families dealing with the devastation of Alzheimer or other similar forms of dementia.
Read More

Posted in Legal News

We live in an era where people who decide to co-habitat can do without any problems, and thankfully by and large, we live in a tolerant country, where many laws have been put in place to protect our liberal society. One of the greatest advancements in the past generation has been the legal framework of civil partnerships, allowing same sex couples the same rights as civil marriage. It is also worth bearing in mind that it is just over a decade ago that civil partnerships were enshrined in law and, of course, now since 2014 same-sex couples can marry.

Some civil partners have decided to marry, whilst others are happy with the civil partnership arrangement. It is a far cry from the lack of protection same sex couples had a short time ago. However, like all close relationships, sometimes things do not work out as those entering a life together would hope. Read More

Posted in Family Law

Recent news that a woman has been awarded £30,000 from her father’s estate, despite the fact that he made it clear he had disinherited his children, will certainly cause some consternation by many looking at their Wills.

It is the first judgement of its kind, since a landmark Supreme Court ruling that was thought to clarify testamentary freedom and what constitutes reasonable provision.

In this case,Elena Nahajec was awarded the figure from Stanley Nahajec’s £240,000 estate under the Inheritance (Provision for Family and Dependants) Act 1975. Read More

Posted in Family Law
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