Changes to non-resident SDLT from 1st April 2021
Yesterday, 1st April 2021, there was a change to Stamp Duty Land Tax (SDLT) for non-residents of the UK who purchase property in the country. The new measure means an additional 2% surcharge will be applied on existing SDLT rates for non-UK residents. The surcharge will also apply to some UK resident companies controlled directly […]
ALEP Director warns that cladding crisis will not necessarily cut costs of enfranchisement
A Director of the Association of Leasehold Enfranchisement Practitioners (ALEP) has warned leaseholders that the cladding crisis is unlikely to reduce the cost of purchasing their freehold. Up to 11 million people in Britain may live in properties with fire safety issues, facing not only physical fears for their wellbeing but financial concerns about paying […]