Welcome to this month’s edition of Private Client Issues, Blake Morgan’s monthly round-up of the topics you may find of interest. Insight and advice on developments affecting private individuals.
Concessionary purchases with the Bank of Mum and Dad
Our SDLT expert looks at a scenario involving the bank of Mum and Dad and concessionary purchases. This is information that will be very useful for first-time buyers.
The commonhold revolution
In December 2018 the Law Commission published a Consultation Paper on commonhold reform: Reinvigorating commonhold: the alternative to leasehold ownership. We examine in more detail.
Does time standstill?
A High Court decision renders the use of standstill agreements as inappropriate for “out of time” Inheritance Act claims. Find out more about what you need to know about probate.
Bank of Mum and Dad: University Purchase
Our experts take a look at issues arising where parents buy a property whilst a child of the family is at university. SDLT, income tax, capital gains tax and inheritance tax are considered for various ownership structures, including trust arrangements.
BM Life Stages reports
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If you are impacted by any of the above topics or you would like further information on how we can help you, please contact your usual Blake Morgan adviser.
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