201907.15

First-Time Buyer’s Relief

Following on from the Stamp Duty Land Tax (SDLT) overview: Schedule 6ZA of the Finance Act 2018 provides that from 22 November 2017 first time buyers can claim relief from SDLT when purchasing properties that do not exceed £500,000. No SDLT is payable on the first £300,000 of the purchase price (therefore properties costing up…

201907.10

Ground Rent Consultation

What is Ground-rent? When a Property is sold as leasehold, the buyer is only a tenant with a very long term rental. The ground/land the home is built remains in the hands of the freeholder. The home buyer therefore has to pay an annual “ground rent” to the freeholder and has to ask the freeholder…