Category: Property Conveyancing

Property Conveyancing

First Time Buyer Stamp Duty 2021

Is there stamp duty for first time buyers? When buying your first home Stamp Duty Land Tax will be one of the expenses you will need to budget for when paying for your new home. If your property is valued up to £500,000 as a first time buyer you won’t pay stamp duty on the first £300,000. If you are buying as part […]

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Stamp Duty Land Tax UK 2021

How much is stamp duty in the UK 2021? If you purchase a property over a certain value then tax is payable. This will need to be factored into your budget as the amount of tax can be significant so you will need to consider how much deposit you might need. Depending on whether you […]

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When do You Pay Stamp Duty?

Posted by on 27/04/2017 in Stamp Duty Land Tax

In the first place, what is stamp duty? This is a form of tax payable after you have purchased land or property that is over a certain price. It applies in Northern Ireland, England, and Wales. However, if you buy property in Scotland, you pay Land and Building Transaction Tax but not Stamp Duty. You […]

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The basics of DIY conveyancing kit

Conveyancing is a complicated practice, and there’s a lot of nitty gritty aspects of it that regular people don’t have any clue. It is recommended to consider a professional solicitor or licensed conveyancers’ assistance in the process. However, if you have an itch for learning the conveyancing game, it is legal to take up the […]

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Reducing tax through stamp duty mitigation

The term stamp duty mitigation is a tax avoidance scheme that occurs during a property transaction. Buyers are usually expected to pay a tax after they fully purchase a house. This fee is paid for the benefit that the buyer gains upon buying a property. Taxes are payable for property values exceeding a given amount. […]

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Examples of hidden cost of buying a house

Buying a house can be very expensive. The most obvious cost of buying a house is the actual price of the property. Most buyers get into conveyance with only this cost in mind. They fail to realize that there is one or more other hidden cost of buying a house. The result is that the […]

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Importance of having unregistered land recorded in the Land Registry

Posted by on 13/01/2017 in Land registration

Registration of land helps in identifying land owners and facilitating real estate transactions. HM Land Registry was instituted in 1862. However, there was no obligation for landowners to register their properties. In 1997, the Land Registration Act was formulated to compel all landlords to register their properties. Some people registered voluntarily while others only registered […]

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Types of disbursement when selling house

Buyers and sellers encounter various kinds of disbursement fees during conveyance. The disbursement when selling house does not include solicitors’ fees. They are totally separate from solicitors fees and are individually much less than solicitor fees, but can cumulatively be more expensive than the solicitor fees. The disbursement fees are for other institutions or individuals […]

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Land Registry fees and Conveyancing

An additional cost when you move houses or change anything in the ownership are the Land Registry fees. What are these fees and why do you have to pay them? The Land Registry is a governmental agency responsible for every change you make in a title to the property and for all the details regarding […]

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How would you abstain from neglecting to settle Stamp Obligation and Area tax ?

There are various duties and tolls acquired when you buy a home, paying little respect to whether this is your first home, another home or a venture property. These are: Stamp Duty and Area Tax The meaning of Stamp Duty The biggest state tariff obligation when buying a house is stamp obligation, which is brought […]

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