Yearly Archive February 26, 2025

UK Property Purchases For Foreign Buyers

London and more generally the United Kingdom has always offered superb investment opportunities for foreign property buyers. It is therefore important to appreciate the various taxes that could be levied against you:-

1) Inheritance Tax 2) Capital Gains Tax 3) Annual Tax for Enveloped Dwellings – a tax on companies that own properties used by their owners 4) Income Tax 5) Stamp Duty Land Tax

A competent property solicitor would be able to advise you on how to minimise these potential liabilities.

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Get Your Lease Extension Now – 2 yr Wait Scrapped

The two year wait that a lessee has had to endure to extend their residential lease has been removed from next Friday 31st January 2025 as section 27 of the Leasehold and Freehold Reform Act 2024 (removal of qualifying period before enfranchisement and extension claims) comes into force.

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