Being the world city that London is, changes to inheritance tax, which have gone largely unnoticed by the media, are set to have a considerable effect on many of its inhabitants. The new rules effective from May mean that those inheriting estates over £2 million will pay hugely increased probate fees of up to £20,000 following a proposal from the Ministry of Justice (MoJ).
Now, with the new rules about to come upon us only estates with a value under £50,000 won’t incur a charge. The changes will see a sliding scale of charges for probate fees. It had cost just £215 or £155 if you were assisted by a solicitor. Now though, an estate worth between £500,000 and £1m will attract a £4,000 fee. Read More
In an era where imitation is rife, the requirement for companies to protect the uniqueness of their goods has never been so needed.
It’s been the case for many centuries – traders have put symbols or marks on their products to indicate their origin, and it was not until the Trade Marks Registration Act 1875 that it was possible to register trade marks for any type of goods.
With the changing face of the commercial landscape it was still over 111 years later in 1986, before it was possible to register marks for services. Read More
Buying and selling property has always been a demanding process for all the parties involved. It seems a price is agreed for a property, and then the waiting game begins, where often nothing seems to happen for a good length of time, and understandably frustrations can mount.
Being property lawyers in London we watch with great interest all developments in the property market and a new report stating that bricks and mortar are at their slowest rate since 2013 really is par for the course.
House seller Rightmove’s statistics show prices sought by sellers had only increased by two per cent in the month to February 11, showing that the market seems to still be in a very stable place.
After all, we still have a growing property market and this is welcome in this time of uncertainty following the fallout after the Brexit vote last summer.
The legal world has been shocked recently by the sad news that of one of the UK’s most respected legal figures took his own life after being diagnosed with dementia.
Sir Nicholas Wall was a pioneering former head of the family courts in England and Wales, who championed rights for unmarried couples and transparency about court fees. Read More
A government decision to remove the time limit for evidence that will make it easier for domestic violence victims to qualify for legal aid has been welcomed by the legal profession.
Domestic violence in London and everywhere else in the UK is something, which is such a difficult issue to solve that we at Pindoria Solicitors are pleased that this move will help many suffering the physical and mental scars of this dark side of family law.
After reviewing current evidence arrangements for accessing legal aid in private family cases, the current five-year time limit will be removed completely the Ministry of Justice has confirmed. Read More
In recent weeks a couple here in London have caused a stir in the legal world, which shows no sign of abating despite a setback in their legal battle. The campaign by Rebecca Steinfeld, 35, and Charles Keidan, 40, who reject traditional marriage on the grounds that they see it is a “sexist” and “patriarchal” institution has hit the headlines.
They appeared in court aiming to overturn the ban on heterosexual couples entering into civil partnerships but, the three judges narrowly, by two to one, decided to allow the government more time to review the law that prevents opposite-sex couples from taking advantage of civil partnership arrangements. Read More
For many years property has been seen as a sound investment, but the government, last year made a controversial move, which made things a little more awkward. As conveyancing solicitors in London, we are being asked quite a lot about it because the landscape has changed so significantly.
The 3% duty is a loading on existing Stamp Duty rates, which took effect from April 2016 and applies to anyone that is buying additional residential properties anywhere in the UK , including Scotland, which announced a similar 3% surcharge in its own Budget. Read More
It’s a competitive world out there and this is especially so in the mortgage market. Every day many London people find a better mortgage deal to save them money and then start the process of re-mortgaging.
For us at Pindoria Solicitors being very experienced conveyancing solicitors in London, this is an area of expertise and one that is much called upon. After all, re-mortgaging a property gives people a huge amount of options. Generally, though it is done in order to raise finance or to take advantage of a healthy financial climate. Read More
There are new rules for the public and probate solicitors to get their heads around, with the Government having introducing a new inheritance tax, adding an extra tax free amount when you own a property.
This seems good for us all but, the new rules are not as straightforward as they seem. As things currently stand; everyone can give away the sum of £325,000 tax free on their death, which includes anything you own, be it in the form of property, cash, pensions or anything else. Read More