Miss T and Mr C (a couple) are buying a freehold property on one title, which will be their main residence. It has a self-contained flat within it. The total price is £1,250,000 with the flat valued at £375,000. It is a higher rate SDLT matter, as Miss T has a property that will not be sold at the same time. However, it is on the market and presumably there can be an application for a refund if it is sold within three years of the purchase…
First, what is bitcoin? Wikipedia describes it as follows:
“Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open source software in 2009. The system is peer- to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain…
Tax Adviser is the journal of the Chartered Institute of Taxation and the Association of Taxation Technicians. Ann was asked to make a contribution on the subject of VAT and DIY builders as a result of her coverage of this topic in her book on VAT and Property.
The DIY builder’s scheme is one of three that allow the refund of VAT incurred on particular types of building work. The other two are the listed places of worship grant scheme and the memorial refund scheme…
I want to share my experience of using LinkedIn as a networking tool. I was advised last year that it is an effective tool for lawyers and so I decided to give it a try. LinkedIn is a social network for business people so it’s different to Facebook …
As I explained in my earlier piece for LawSkills, (SDLT and trustees: a reminder) the SDLT legislation distinguishes between bare trusts and settlements (which are defined as trusts which are not bare trusts).
SDLT can be overlooked in trust situations. For example, an SDLT charge may arise where an appointment of land is made from an estate and a beneficiary pays money because their entitlement is less than the value of the property they are to receive.
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