The Stamp Duty rate payable on purchases of buy to let and second homes will be increasing considerably from 1st April 2016; but are you aware why the Government is making such a drastic change in the level of stamp duty payable?
From 1st April 2016 more transactions will attract stamp duty than before as the threshold is being lowered to £40,000 (from the current £125,000). That means that not only will there be an extra 3% duty payable on buy to let purchases or second homes, but there will also be a lower threshold to meet before stamp duty becomes payable. Considering that a vast majority of properties in the current market will be over £40,000, this will impact many of us. Read More
Many landlords across London and the South East will be unaware of the Smoke and Carbon Monoxide Alarm (England) Regulations 2015 which came into force late last year.
However, it really is worth noting because these regulations are designed to make private residential landlords take practical steps to ensure the safety of their tenants, and thereby minimising the possibility of accidental death from Carbon Monoxide poisoning. Read More
New figures seem to indicate that many couples could be waiting for their children to leave home before getting divorced, with the over-50s the only age group in which splits are rising.
The figures from the Office for National Statistics (ONS) show the number of divorces in England and Wales has decreased again with the over-50s the only group bucking this trend. The new figures, which are for 2013, have been compared with those for 2003, and we, as divorce lawyers here in London and the South East believe it makes interesting reading. Read More
The recent Court of Appeal case of Aburn v Aburn  shed further light to the court’s approach in dealing with spousal maintenance (periodical payments) in ‘needs’ based divorce cases, as opposed to the ‘big money’ cases that have little in common with the average family.
In this case, the parties were married for over 20 years and had children aged 14 and 19. The husband was a GP earning approximately £83,000 pa. The wife was a nurse and midwife, and had not worked since the birth of their first child. Their home had equity of £500,000 and they had savings of £80,000. The husband was due to receive his share of his GP practice of £235,000 on retirement and had a substantial pension. The wife had no pension provision. Read More
Contested wills have shot up dramatically in recent years and here in London and the South East this is more prevalent than practically anywhere else in the UK. It is little wonder because the price of property in London and associated regions is so high, meaning that many people who were relatively cash poor during their lives die with properties worth substantial amounts.
The London many knew in their younger days is a very different place to the leading world city we now have. However, this increase in contested wills is an unwanted distraction when dealing with the death of a close family member as we, as wills experts, are only too aware. Read More
The recent ’increase’ to the Nil Rate Band for Inheritance Tax has caused a lot of chatter amongst practitioners and academics. How beneficial will it really be?
We at Pindoria Solicitors are finding that a lot of people are not fully aware of the circumstances under which the new exemption will work and have misconceived the increase as being a blanket £500,000 for each and every person. Read More
From the1st February 2016, private residential landlords in England are under a legal obligation under The Immigration Act 2014 to conduct a right to rent check on prospective tenants and occupiers before they grant a new tenancy. This means they will have to check the immigration status of tenants and occupiers over the age of 18 to see if they are eligible to rent in the UK. Read More
It is reassuring to see a recent survey has shown that more than half of the British public think will-writing should be regulated.
A YouGov poll research for the Law Society, the body that oversees solicitors in this country, has published a survey of 1,554 adults in which 55% wanted all will-writers to be regulated; whist over 95% praised the services provided by solicitors. Read More
For those of us in the legal world involved in dispute resolution, we can say unequivocally that the sooner battles are brought to an end the better it is for all concerned.
Here at Pindoria Solicitors, having been asked to intervene in many a business dispute, we can’t emphasise enough how vital it is to resolve business fallouts as the effects can be so calamitous. Read More
The festive season here in the UK is portrayed as a happy time, when at the end of a year we all get quite nostalgic, pour out the mulled wine and put on a Christmas pullover to have quality time with those we love. Read More