George Osborne's recent 2015 Budget announcement caught the attention of many UK landlords, who will receive less tax relief on their properties from 2016. This HMRC document sets out exactly what has changed.
As the Scottish Government starts to distinguish itself from the UK regime we start to see interesting differences which means not surprisingly more tax. Under the old Stamp Duty Land Tax system, a back to back transaction which completed on the same day paid only one lot of tax if handled properly. Under Land and [...]
While the Conservatives have promised not to increase corporation tax, National Insurance, Income Tax or VAT, there is still a chance other taxes could go up. Which is a concern for the real estate industry. With over two million private landlords renting out five million properties in the UK, being aware of tax reliefs and [...]
Now, more than ever, Scottish landlords will need to be on the ball with their policy on dilapidations. Tenants are in a better position for negotiating and, after two recent Scottish cases, landlords are becoming frequently caught out. What are dilapidations? At the end of a lease the tenant may be contractually responsible for repairs [...]
From the 6th of May 2015, ‘Pension Reform Day’, new rules will allow those aged over 55 to draw down some or all of their money to invest in options such as a buy to let property. The requirement to buy an annuity will be removed and pension savers will have greater flexibility in accessing their [...]
With the recent announcement about LBTT made by the SNP to change the thresholds of property tax yet again, people are left a little confused. Let’s simplify what has been announced... What is LBTT? In October 2014 the Scottish Government proposed a new alternative to stamp duty called Land & Buildings Transaction Tax (LBTT) which [...]
Johnson Legal are very proud to be a first mover in using drone video camera technology to go that one step further in producing high-end Edinburgh property videos. In partnership with Moving Property, we've been producing some beautiful aerial scenes - take a look at this video for our Dean Path Property Can we help [...]
Introducing - Viewpark, 7 Hillhead,Broomieknowe, EH19 2AJ ‘An imposing and elegant ‘C’ Listed detached Georgian house sympathetically extended to provide a substantial and elegant family home within delightfully picturesque gardens’ Viewpark is a superb sized and elegant detached Georgian villa which dates back to the 1820’s. Set back within beautifully maintained gardens, circa 0.62 of [...]
Flooding is a growing risk for homes in Great Britain. Property doesn’t necessarily need to be close to a river or the sea or situated on low lying ground to be exposed to flood risk. Surface water, groundwater and overflowing sewers are increasingly common causes of flooding.
Edinburgh is unique as a local government area in that it has private legislation empowering the Council to serve demands on co-owners to carry out common repairs, and in the absence of compliance from co-owners - for example the separate owners of a block of tenement flats - the Council is empowered to carry out the work themselves and to recover the costs from the co-owners thereafter.