Catchpole Law on law

Steps in preparation of selling your property

If you are considering selling your property, we recommend taking some simple advance steps to ensure that your sale is ready to proceed quickly once you have found a buyer. Locate any documents relating to the property which you were given when you purchased it and any paperwork you have acquired during your ownership, for […]

What are the consequences of not having Will if you are separated from your spouse?

A recent case dealt with the situation where a bereaved woman owned a house with her long term partner, who had died. Her partner had not updated his Will following his separation from his estranged wife and, as a result, his share of the house went to his estranged wife.  At Court, the Judge in […]

Stamp Duty Land Tax on Second Homes

In the Autumn Statement 2015 it was announced that from 1st April 2016 higher rates of Stamp Duty Land Tax (SDLT) will be charged on purchases of additional residential properties above £40,000, for example, second homes or buy to let properties. The higher rates will be 3% above the current SDLT rates. Outside the higher […]

The Proposed Residence Nil Rate Band

It has been announced by the Chancellor that the existing nil rate band of £325,000 is to be frozen until 2021 and that a new “top up” nil rate band of £175,000, applicable to residential property, is to be gradually introduced. This could potentially create a new total nil rate band in 2020 of £500,000 […]

Stamp Duty Land Tax

George Osborne gave property buyers an early Christmas present in December 2014 when he announced far reaching changes to the Stamp Duty Land Tax system. All property purchasers must pay Stamp Duty Land Tax (SDLT) when they purchase land or property in England, Wales and Northern Ireland over a certain value. The current threshold for […]