News

About PWJ Solicitors

We have served generations of individuals and local businesses, providing comprehensive legal advice.

The Law Society - Conveyancing

02

Dec

2019

CGT on Second Homes – Changes from April 2020

CGT – Second homes

Anyone selling a property after 6 April 2020 will have to pay tax on any gain after within 30 days of completion – which is a considerable change to the current rules.

Property owners are advised to seek accountancy advice before they commit to exchange of contracts.

If you are thinking of buying a second or subsequent home, you may want to consider doing this before 6 April 2020.

Our team of specialist lawyers are accredited under the CQS scheme and happy to assist with your conveyancing transaction. Please contact Judith Bleetman or Nikki Salih at our East Barnet office on 020 8441 1556

Our Locations

Our office locations
New Rules for Registration of  Relevant Trusts and Declarations of Trusts Relevant Trusts in existence at 6th October 2020 (even if subsequently closed) must be registered with the new Trusts Registration Service by 1st September 2022 to avoid penalties and charges.  This rule also applies to relevant property trusts where the legal ownership position differs from the equitable ownership position; for example where a Declaration of Trust sits behind the Title with details of equitable owners such as where parents have loaned money to purchase a property and have their interest protected by a Declaration of Trust but are not named on the Title Register. Trusts formed after this date may also be subject to complex registration requirements. Please contact us if you are concerned that the above may apply to your Trust and would like advice or assistance with the process.