Stamp Duty Holiday

The chancellor has announced a temporary holiday on Stamp Duty, on the first £500,000 of all property purchases in England and Northern Ireland.

https://www.bbc.co.uk/news/business-53319433

Our Conveyancing departments in each of our 3 local offices will be happy to assist in acting on your behalf, if you are looking to purchase a new property.

Sutton and Cheam offices: 020 8661 8611
Banstead office: 01737 212000

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Government Extends Time for Forfeiture of Business Leases

The Government has announced that it is going to extend the time period for suspension of the forfeiture of business Leases from 30 June to 30 September.

http://www.gowenandstevens.com/index.php/news/go...

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Housing Possession Claims – Suspension Period Extended

The Government had previously suspended all housing possession claims until 25 June.

On 5 June, Housing Secretary Robert Jenrick, confirmed that the Government has extended the suspension period to the end of August. Mr Jenrick also announced that the Government is working on proposals to make sure that when eviction proceedings do re-start, there are arrangements in place to allow the Court to give appropriate protection for those tenants who have been particularly affected by Coronavirus - for example, those tenants who have been shielding.

As soon as we have any further information about the Government’s plans, we will let you know.

Residential Property News

For those of you who have been waiting to buy, sell or rent a property we are pleased to confirm that following the Government’s announcement on 12 May 2020, property viewings can now take place, with strict social distancing rules in place, on marketed properties; and house moves can proceed.

Whilst we have been able to continue our service to our residential property clients throughout the Government’s lockdown period so far, the announcement by the Government means that we can now proceed to completing transactions more swiftly, and the property market can start moving again.

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Whilst our offices in Banstead, Cheam and Sutton may be closed to visitors, we can still assist with many legal services using technology. If you need a Will prepared, advice regarding an employment issue, guidance with divorce proceedings or you’re hoping to buy or sell a property, please do not hesitate to contact us. We are working remotely and observing social distancing, but can help over the telephone, via email or a video conference “meeting room”.

Here is some advice about why you should make a Will:

Why should I make a Will?

A Will makes it easier for your family/friends to sort out your ‘estate’ when you die. If you don’t have a Will, the process can be more time consuming and stressful.

A Will can help reduce the amount Inheritance Tax that would be due from your ‘estate’.

If you have children or other family members who depend on you financially, a Will is especially important. If you want to leave gifts to someone outside your immediate family or a charity, you can make this clear in your Will.

If you don’t have a valid Will, your ‘estate’ will be shared out according to law, which may not be the way you would want.

What happens if I die without making a Will?

If you die without a valid Will in place, you die ‘intestate’. The law decides who receives your ‘estate’.

General rules which may apply if you haven’t got a valid Will when you die:

  • If you are not married or in a civil partnership, your partner may not be legally entitled to anything from your estate.
  • If you are married, your spouse may inherit most or all of your estate, but your children may not receive anything. This applies if you are separated but not divorced.
  • If you have children or grandchildren, the amount they are legally entitled to is decided by law. If you make a Will, you can decide this yourself.
  • Inheritance tax may be more if you don’t have a Will.

What should I include in my Will?

Your Will should say who you want to ‘inherit’ your money, property, possessions etc. when you die. You will need to appoint at least one person to manage your estate, and to follow your instructions in the Will. This person is known as an ‘executor’. Your executor should be someone you trust.

If you have children under the age of 18, you can appoint guardians to look after them.

You can also include your wishes about your funeral if you would like burial or cremation. Your executor will do their best to follow your wishes, but they cannot break the law.

How do I ensure my Will is legally valid?

A solicitor is best placed to advise on the validity of your Will. If you make a Will with us, we will ensure your Will spells out who should inherit when you die, that you were capable of making your own decisions when you wrote the Will, and not under pressure as to who to leave your estate to.

We will also advise on Inheritance Tax and any potential challenges to your Will.

Do not hesitate to contact us if you want to discuss making a Will.