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UK Property Investment: A Guide for Overseas Buyers
Investing in UK property attracts a huge amount of international interest from buyers who are based abroad, as the property market (particularly the London market) offers potential for asset appreciation and high levels of rental income.
The Pros and Cons of using AI to draft your Will
Artificial Intelligence (AI) is increasingly becoming a part of our everyday lives, and has transformed a number of industries, and the legal services industry is no exception.
Leasehold Reform: is commonhold the answer?
As reported last week in various media outlets, the Government appears to be ramping up their plans to reform the ownership of leasehold properties, including a proposal to replace the current leasehold system with commonhold ownership.
How do I pay inheritance tax if there is no money?
The issue on inheritance tax can be a significant concern for all of us, not only when planning our own estates, but also for those who are left behind to deal with the estate of a loved one.
Building Regulations Enforcement Periods: Section 39 – a Reminder
The Building Safety Act 2022 (the BSA) provided a significant overhaul of the law relating to building safety in England and Wales. The Act introduced several new provisions relating to building safety, and among these, Section 39 of the BSA has introduced key changes to the enforcement periods available to Local Authorities for breaches of building regulations by property owners.
What are the Government Plans for Inheritance Tax on Pensions?
The majority of UK registered pension schemes are discretionary and therefore fall outside of the estate for inheritance tax purposes. However, in the Autumn Budget 2024, the Government announced changes to unused pension funds and death benefits.
The Debate Over Farmers Paying Inheritance Tax
Everyone has an opinion on the recent changes in the inheritance tax rule for farmers so we thought we would take the opportunity to explain the current rules and the changes that are taking place.
The Assisted Dying Bill explained
The UK’s Assisted Dying Bill is due to be debated in parliament later on this month, and it is something many of us will have seen recently in the news.
Property ownership: Major shake-up proposals set to become law
Following the announcement of the general election to take place on 4 July 2024, a number of Bills (draft legislation) were pushed through parliament, whilst several others did not make the cut. At the time of the announcement, two key Bills were being deliberated in the House of Lords but had not yet become law.
What happens to my digital assets when I die?
As the digital age is becoming more and more of the norm, many of us accumulate a significant amount of digital assets. These can include social media accounts, emails, cryptocurrency, and online banking.
What if there is no money to pay inheritance tax?
Inheritance Tax is payable in the United Kingdom when someone dies, and their estate exceeds the available tax-free allowances. The Estate is unable to be distributed to beneficiaries or completed until the tax has been paid.
Making a Will when you don’t have children
It seems obvious to many that we build our wealth and save hard to pay off our mortgages to be able to leave our estates to our children. These decisions can already be quite difficult for some as relationships with children are not always straightforward.
Inheritance tax and key dates to consider
Inheritance tax is charged on a transfer of value, which reduces the overall value of a person’s estate. Inheritance tax is not payable in all estates and if there is a charge, the following exemptions will be applied in calculating the amount of IHT due:
Buying an investment property – what do you need to consider?
According to a report by Savills published on 18 January 2024, property prices fell by -0.2% and -0.3% across Prime Central London and Outer Prime London, respectively, during the final quarter of 2023.
Conveyancing searches: what are they, and why are they important?
As part of the process of buying a property, a lawyer will obtain, and report to the buyer, on a number of searches provided by third-parties. But what are the searches, why are they necessary, and what adverse information could they reveal?
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