XYZ Law Solicitors

New forms to drive better upfront information

A row of houses

New forms to drive better upfront information The Conveyancing Association, The Law Society, CILEX, and the Society of Licenced Conveyancers have given their backing to new versions of LPE1, LPE2 and FME1 forms, which are to be launched from 11th January 2022 Fourteen trade and representative bodies from across the legal, surveying, estate agency and […]

Stamp Duty Land Tax relief enters last few days

Stamp Duty Land Tax relief enters last few days The final day on which the Stamp Duty Land Tax (SDLT) relief is applicable is on Thursday 30th September 2021.  After this date thresholds will revert to the previous values, these being: £125,000 for residential properties £150,000 for non-residential land and properties. The Stamp Duty Land […]

Stamp Duty Land Tax Holiday Update

Stamp Duty Land Tax Holiday Update Will end of the stamp duty holiday damage the property market? The temporary Stamp Duty Land Tax (SDLT) holiday was created to help boost the housing market, by saving buyers Stamp Duty on properties valued under £500,000. This created the busiest housing market of the decade, with XYZ Law […]

Stamp Duty Land Tax (SDLT) and Resting on Contract

Historically, it was possible to avoid or defer payment of the stamp duty property tax (SDLT) on land purchases by leaving the transaction “contract-based”, meaning that the contract of purchase of a property would be exchanged and the purchase price would be paid by the buyer to the seller but the actual transfer of the legal interest in the property would not pass to the buyer.

Service charge ruling puts onus on lease agreement drafting

A new London Court of Appeal ruling has confirmed that service charge certificates which could be certified by a business owner himself, rather than a third party, are conclusive as to the amount of service charge a tenant must pay under a commercial lease, said a real estate expert.

Growth in UK public-private property partnerships expected

Experts in the property industry have suggested that public-private property partnerships will gain popularity in the UK over the next five years to meet the growing demand for housing and the challenges facing the sector, such as climate change. and sustainability.

Furlough

Following the announcement of the extension of the Coronavirus Job Retention Program (CJRS) until March 31, 2021, HMRC has now issued guidance on the key points and how it works.