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Updated Insolvency Code of Ethics: what do insolvency practitioners need to know?
Jenny Higgins
Last week, the Chancellor made some important announcements concerning Stamp Duty Land Tax (SDLT) and Annual Tax on Enveloped Dwellings (ATED) which may impact on how a residential property is purchased and held and may act as a deterrent to overseas nationals investing in UK property in particular.
Since April 2012, it has been a requirement that in order for a buyer to claim capital allowances on a commercial property, it must have fixed the value of that qualifying expenditure with the seller, usually by means of a tax election under s198 of the Capital Allowances Act 2001.
As London slowly wakes up from a bad financial hangover, the property market seems to be well on its way to recovery. But with house prices rising, the property industry has reported a rise in gazumping, first fashionable in the property boom of the 80s. Together with frequent warnings of an imminent property bubble, the residential property market in London can seem pretty frenetic and intimidating. Here are Julia Hicks' top tips for residential buyers, who have found the property they want, had their offer accepted, and want to ensure they proceed to exchange.
The Law Society have revealed plans to create an online conveyancing portal, with aims to have the portal live by 2014. Julia Hicks discuss.
Chancel repair is a long-standing liability on property owners to contribute to the repair cost of the chancel (the space around the alter usually at the eastern end) of a parish church. On Sunday 13 October 2013, chancel repair liability ceased to automatically bind purchasers of affected land as an ‘overriding interest’ under the Land Registration Act 2002. Vanessa Whatley assesses the impact of these changes on property owners.
Jenny Higgins
Claire Wood
Nevin Rosenberg
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