COOLE BEVIS LLP NEWS

Keep up to date with the latest activity from the Coole Bevis LLP team. We make sure we’re always one step ahead when it comes to legal matters across a range of industries and now you can be too!

What is a Trust?

In light of the recent issues arising from the Universal Trustees Limited liquidation, it seems appropriate to set out some guidance regarding trusts. For many people trusts seem very complicated and daunting structures. It is true that Trusts are not simple things but then they were never meant to deal with simple situations. Where the …

The Significance of ‘Probate’ Valuations and The District Valuer Office Agency

Are you confused about the meaning of probate valuations and the impact these may have on an Estate you are dealing with? The term ‘Probate Valuation’ means the value of the assets as at the date of death. A ubiquitous term used throughout an Estate administration but do you really know why these valuations are …

HM Courts and Tribunals to Change Notification System for Charity Donations

There is to be a change to the way charities are alerted when money has been left to them in a will, according to a news item on the Civil Society website this week. HM Courts and Tribunals Service (HMCTS) is working with the Institute of Fundraising, the Institute of Legacy Management, Acevo and the …

Pass the Buck

How much do you think you are worth financially? You may think you have nothing of value. Start adding it up; the car or cars, the home you own, that little stash of premium bonds, the bank account your salary goes into every month! It can all add up and just think, “what happens to …

EPC Requirements for Rental Properties

What has changed? From April 2018, the regulations concerning Energy Performance Certificates (EPCs) changed for rental properties (and commercial properties). The aim was to reduce wasted energy and costs for the tenant, help lower greenhouse gases and improve the condition of certain properties. The Minimum Energy Efficient Standards (MEES) requirement for residential properties let on …

Stamp Duty Land Tax (SDLT), seek specialist relief advice

SDLT replaced Stamp Duty in 2003. Instead of being a tax on documents, SDLT is a tax on land transactions and broadly covers the purchase or transfer of land in England. Once considered a relatively straightforward property tax, the introduction of the higher rate brought with it layers of complexity. The higher rate 3% on …

Equity Release

For homeowners, equity release lending is becoming more popular than ever for those who want to extract some wealth from their property. But what is it and why are more people choosing to go down this route? Equity release is a way of accessing the money which is secured in your property. It is available …

Basement, air space and sub soil leases can be acquired as part of a collective enfranchisement claim

Chapter I of the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993) entitles qualifying tenants of flats, through a nominee purchaser, to collectively enfranchise their building by purchasing the freehold. This entitlement includes acquisition of the interest of a tenant under any lease of common parts of the building, where the acquisition of …

New Year’s Resolutions

Many of our New Year resolutions may have already fallen by the wayside, but one well worth keeping is to make a Will if you have not already done so, or to review your existing Will. Recent research indicates that only around one third of UK adults has made a Will.  Dying without a valid …

Transfer of Equity and SDLT

Stamp Duty Land Tax (SDLT) liability is something house buyers are all too aware of. However, what often comes as a surprise is that SDLT may be payable if you acquire a share in a property by way of a “Transfer of Equity” even in a situation where no money or consideration is payable. A …

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