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Navigating Changes in Property Taxation: An Overview of Recent Updates

Navigating Changes in Property Taxation: An Overview of Recent Updates In the dynamic landscape of property taxation, staying informed about legislative changes is paramount for property owners and investors alike. Here, we delve into the latest updates impacting property taxation in the UK.   Capital Gains Tax (CGT) Adjustments The realm of Capital Gains Tax (CGT) is witnessing adjustments, particularly concerning residential property sales. Effective from April 6, 2024, the higher rate of CGT applicable to residential property gains will be reduced from 28%

Buyer, Seller, Sealed Lips: Why Direct Communication During Conveyancing Process Can Be Risky

As you may know, buying or selling a property is a thrilling, yet stressful process. With legal complexities and emotions running high, it is often tempting to reach out to the other party directly to smooth things over or seek some answers. But there is no need to rush. While open communication is generally great, direct contact between buyers and sellers can cause serious issues during property transactions. Here’s why: Misinformation Mayhem: Buying and selling property involves many complicated legal rules.

Exploring Property Ownership: Freehold, Leasehold, and Share of Freehold

Exploring Property Ownership: Freehold, Leasehold, and Share of Freehold When venturing into the realm of property ownership, one of the most important decisions you’ll face is the type of ownership that best aligns with your needs. In England and Wales, there are three main types of ownership: freehold, leasehold and share of the freehold. Each type of property ownership has its own advantages and disadvantages, so it’s important to understand the key differences before making an informed decision. This blog post