Residential Property: Stamp Duty Land Tax – First Time Buyers’ Relief
Stamp Duty Land Tax (“SDLT”) is normally paid on any purchase of residential property valued over £125,000. If the new property being purchased is a second property, then SDLT is paid on the whole value at an enhanced rate. First Time Buyer’s Relief (“FTBR”) is available for buyers who satisfy four conditions for purchases completed…
Landlord’s Insurance
Tenants of commercial premises or flats held on a long lease usually end up reimbursing the landlord’s costs of obtaining buildings insurance. In many cases the lease says that the recovery is limited to costs ‘reasonably incurred’, or words to that effect. The message for landlords is that they should be prepared to justify their…
Tassells secures Law Society conveyancing quality mark
We have once again secured membership to the Law Society Conveyancing Quality Scheme – the mark of excellence for the home buying process. This is the 7th year in a row that Tassells has achieved CQS accreditation. We underwent rigorous assessment by the Law Society in order to continue to hold CQS status, which…