How does my holiday home in the UK affect my capital tax position?
For many people, owning a holiday home is a major aspiration. Having a place to enjoy for leisure and recreation purposes has definite appeal, and demand for UK holiday homes has significantly increased over the last 18 months, in light of the COVID-19 pandemic. However, owning one may have Inheritance Tax (IHT) and Capital Gains Tax (CGT) implications which should be considered.
I’m buying a property – do I also need to make a Will?
Whether you are buying a property alone or with another person, purchasing your first or your fifteenth home, planning on living in it or letting it out: whenever you acquire property, you should consider whether you need to make or update your Will as a result.
Residential Property – Japanese knotweed
What is it? Japanese knotweed is an invasive, non-native plant that can cause physical damage to buildings and land, which in turn affects the value of the property, and can be expensive and difficult to eradicate or treat. The Government has issued guidance on invasive plants such as Japanese knotweed, and it states that not […]