Source Rental Property

What is Stamp Duty Land Tax and how is it calculated?

Stamp Duty Land Tax (SDLT) is a tax that is payable when you buy a property or land in England, Wales, or Northern Ireland. The tax is paid to HM Revenue & Customs (HMRC) and is based on the purchase price of the property or land. The current SDLT rates are: 0% on properties priced up to £125,000 2% on properties priced between £125,001 and £250,000 5% on properties priced between...

What is the process for conducting property searches in London?

In the UK, property searches are conducted to provide information about a property and the local area. The process for conducting property searches can vary slightly depending on the area, but generally, it involves the following steps: Identify the type of search required: There are different types of property searches, including local authority searches, environmental searches, drainage searches,...

What documents do I need to provide to my London solicitor?

The documents you will need to provide to your UK solicitor will depend on the nature of your case. However, here are some common documents that your solicitor may request from you: Identification documents: You will need to provide identification documents such as your passport or driving license to prove your identity. Financial documents: If you are seeking legal advice on a financial matter,...

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