Stamp Duty Land Tax (“SDLT”) is a lump sum payment anyone buying a property or piece of land over a certain price has to pay to Her Majesty’s Revenue & Customs (“HMRC”). Chancellor Rishi Sunak today announced that, as a temporary measure, but with immediate effect, buyers won’t pay SDLT on the first £500,000 of…
The Chancellor, Rishi Sunak, has today announced that the Stamp Duty Land Tax threshold for a Stamp Duty liability on a purchase of a property will increase from £125,000.00 to £500,000.00 with immediate effect. The temporary Stamp Duty Land Tax holiday will last until 31st March 2021. At this time it is unclear as to…
In these uncertain times, many of us are turning our attention to our personal affairs. One important aspect of this is taking stock of our personal circumstances and making or updating Wills. Something which might have been low on the ‘to do’ list in our ‘pre-lockdown’ lives has suddenly become extremely important, especially as family…
This is a question that I have been asked numerous times over the past few weeks. The answer is dependent on if contracts have been Exchanged or not; if contracts have been Exchanged then generally “yes”, if they have not then generally “no”. In essence “no one is bound in a sale and/or purchase transaction…
The Covid-19 pandemic has had a significant impact on businesses and, therefore, a knock-on effect on commercial landlords and tenants. With many businesses having been unable to trade until now and some still closed indefinitely, the government has imposed restrictions on a landlord’s ability to take back its premises on the grounds of non-payment of…
Covid-19 has posed some very different and difficult issues for us all particularly those who are parents co-habiting after separation. The common issue, being where one party refuses the other party to have contact with the children during lockdown. Where there is an ongoing child arrangements order (Court order) for contact, the arrangements set out…
Covid-19 is likely to have a significant impact to many people’s lives, particularly those who are either in the process of divorce or who have finalised their divorce and financial settlement by way of a Consent order which has been approved by the Court. A Consent Order is a document which sets out the terms…
At Colemans, following the government’s guidance on social distancing, we have today made the decision to close our offices to the public in the interests of public health and the safety of our team. While we appreciate that this may be inconvenient, please do bear with us. You will still be able to email and…
Colemans is delighted to announce that we were the eighth highest fundraising firm across the UK in 2019 We are delighted to announce that our Wills, Probate and Trusts team raised over £7,500 during November’s Will Aid campaign, which places us eighth across the UK in terms money raised for the scheme. Will Aid is…
It was announced yesterday that the government plan to replace the flat £155 probate fee with a sliding scale of fees of up to £6,000 in some cases, has been cancelled. “For the second time in less than three years, the government has announced huge, discriminatory, and arguably illegal increases in probate fees, with the…