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!

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 …

Co-owning Property – How to protect your share

The modern world is a complicated place and nowadays family structures can be based on a multitude of different models. Gone are the days when only a husband and wife held a property jointly together. We are seeing the rise of co-ownership between friends and families in greater numbers than ever before. Many bring different …

The New Death Tax

A week after the budget and a sting in the tail. The government will re-introduce the unpopular and unfair increase to the fees for obtaining a grant of probate by Statutory Instrument with effect from 27th November 2018. You might recall their attempt to do this last year, which was withdrawn due to the general …

Is a Trust the Right Thing for You?

The concerns and problems raised by Universal Trustees, its conduct and its subsequent compulsory liquidation are now clear to all those former clients of the company. Many people were persuaded to set up trusts, transfer assets or complete Wills – all actions that were presented to them as tailored to their specific needs. Perhaps, for …

More good news on Help to Buy

Prominent amongst the property related reforms in the Budget was the announcement of additional Stamp Duty Land Tax (SDLT) relief for first time buyers of shared ownership properties up to a maximum of £500k in England and Northern Ireland. For properties over £500k, no exemption is available and you’ll have to pay SDLT at the …

PETs…. Not the ones we cuddle at home

Do you like giving cash or presents, perhaps for birthdays, Christmas/other religious holiday, weddings etc? Most people do. But are you aware of the potential impact these gifts could have on your estate when you die, especially where you like to make multiple gifts each year? A PET is a term lawyers use for Inheritance …

Domestic abuse: don’t suffer in silence

The press is full of stories of people locked in violent relationships, unsure how to break free. It does take courage, but it can be done. If ever you feel threatened or have been attacked, the first thing to do is call the police who can help immediately as well as investigate whether a crime …

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