The Government recently announced a further extension to protect commercial property tenants until March 31, 2021.
The Government has brought forward its plan to outlaw the sale of petrol and diesel cars and vans. The new date is 2030. Plug-in hybrids will be allowed until 2035.
In order to buy and sell a property, there is the need for several documents to be signed such as contracts, transfers and mortgage deeds. The latter two documents also need to be witnessed. One of the issues that has caused problems during the coronavirus lockdown is getting original documents signed and witnessed.
The Chancellor's recent announcement of a Stamp Duty Land Tax (SDLT) 'holiday' is good news for residential property buyers, whether you are first-time buyer or moving home.
The Government has announced that the current ban on evictions of renters in social or private accommodation will be extended.
Now that plans have been announced to ease the lockdown, what effect will that have on town centres like Watford?
Since the lockdown was announced, there has been a misconception that buying a property is not an 'essential' task and so is against the law. This was never the case.
Developers, or house owners carrying out extensions, should be wary of breaching neighbours' rights of light, or risk facing legal action.
Changes to Capital Gains Tax announced last year came into effect on April 6. This could lead unwary Watford investors open to extra tax charges and penalties.
Stamp Duty Land Tax can be a significant expense when buying a property. At VWV, we paid £14,000,000 of it to HMRC on behalf of clients last year.
