Go to Top

News

First-time home buyers save £284m because of stamp duty cut

More than 120,000 first-time home buyers have saved a total of £284m because of the cuts to stamp duty introduced last November, according to government figures. The first £300,000 of the price of a property is now exempt from tax for people entering the housing market for the first time. It means that the new stamp duty cost for first-time buyers is: • properties up £300k, no stamp duty • properties between …Read More

Businessman leaves millions to Oxfam under ‘common tragedy’

A wealthy businessman has left millions to the charity Oxfam after inserting a common tragedy clause into his will. Richard Cousins died along with his two sons, his fiancé and her daughter when their plane crashed in Australia on New Year’s Eve. Mr Cousins, who was the chief executive of the Compass Group, had made provision in his will for what should happened if all his immediate family died in …Read More

Brothers in dispute over house left in their mother’s will

The High Court has settled a dispute between two brothers after one accused the other of using undue influence to persuade their mother to leave him her house in her will. The case involved an elderly woman who moved in with her son after her husband died.  However, she later wanted to move back to her own home in Cornwall. The house needed significant repairs, so she decided to transfer …Read More

Landlord ‘didn’t have to consult tenants again’ over service charges

Landlords must consult tenants over service charges for work carried out on their homes but how far does that obligation go? The Court of Appeal provided a useful insight in a recent case involving property company Reedbase Ltd and some of its tenants. An asphalt roof needed to be repaired, which involved removing tiles. Some of the tiles were in poor condition and the landlord proposed to replace them all. …Read More