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Latest News From Complete Clarity Solicitors

The latest legal news & family, employment, personal injury and wills & succession law news from Complete Clarity Solicitors.
Complete Clarity Solicitors

Slowest growth in UK housing market in five years

UK house price growth in June slowed to the lowest rate since August 2013. According to the Office for National Statistics (ONS), this slowdown was mainly affected by the falling prices in London, where properties dropped from 0.7% to negative 0.2%. The report shows an average house price growth of 3%, down from 3.5% in May - the lowest annual rate in five years.

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Complete Clarity Solicitors

Inheritance tax exceeds £5 billion for the first time

Recently released data from HM Revenue & Customs shows inheritance tax (IHT) raised a record £5.2 billion in the 2017-18 financial year, up 8% from the previous tax year.

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Complete Clarity Solicitors

New legislation aimed at preventing money laundering through UK property market

Criminals using the UK property market to launder money could face up to five years in prison under the newly proposed legislation.

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Karianne Falconer

Number of Rental Properties Available in Scotland Falls Again

A new survey of the residential property market has revealed that the number of rental properties in Scotland has fallen even further over the last three months. However, this decrease in supply has been coupled with an increase in demand, which is expected to lead to a sharp rise in costs for tenants.

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Emma King

Warning Over Reliance on Inheritance Expectations

A new report into intergenerational wealth transfer has found that over 11 million people aged between 25-45 in the UK expect to receive some sort of inheritance from their parents or grandparents, with nearly half (5.1 million) of these expecting to inherit at least £50,000 in fixed assets or money. 

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Karianne Falconer

RoS Launches New Register for Community Body Applications

Registers of Scotland (RoS) has launched a new register that will record all applications of community bodies to buy land or property that is abandoned, neglected or causing harm to the environmental wellbeing of the community, where the owner is not willing to sell that land. 

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Karianne Falconer

Scotland Offers Affordable Seaside Living

Living by the sea is an ambition for many, and new research by Bank of Scotland has revealed that it may not be as unaffordable as some might think. 

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Billy Smith

Executor Personally Liable to Pay Inheritance Tax Bill

Acting as executor for an estate carries a great deal of responsibility, and while the majority of executries are completed without incident, complications can arise and executors can sometimes find themselves in a difficult and unexpected situation. 

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Karianne Falconer

Value of the Scottish Housing Market

The total value of the residential sales market in Scotland from 2007-08 to 2017-18 was £161.3 billion, according to the latest Property Market Report from Registers of Scotland. 

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Karianne Falconer

Mortgage Lending Remains Relatively Subdued

Finance and banking trade association, UK Finance, recently published figures giving an update on levels of activity within the mortgage market in the UK. 

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Emma King

Call for Evidence on Inheritance Tax

The Office of Tax Simplification (OTS) has published a call for evidence and an on-line survey to gather information about people’s experience and perceptions of Inheritance Tax. 

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Karianne Falconer

Many ‘Empty Nesters’ Choose Not to Downsize

Around 43% of adults whose children have ‘flown the nest’ intend to remain in the family home rather than downsize, new research from Bank of Scotland has revealed. 

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Karianne Falconer

Tracking UK House Price Changes

The Office for National Statistics has published the latest UK House Price Index (UK HPI), which reveals the most recent house price changes across the country. 

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Billy Smith

Disinherited Partner to Receive Share of Estate

In an interesting case from Wales, a judge in Cardiff’s High Court has taken the unusual step of overturning a deceased man’s will to award property and some money to his long-term partner, reports the Daily Mail

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Karianne Falconer

Extension to Scotland’s Help to Buy Scheme

A scheme that helps people purchase a new-build home in Scotland without the need for a large deposit is to be extended beyond 2019. 

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Karianne Falconer

Research Reveals Obstacles to Moving up the Property Ladder

Much has been written about the difficulties facing first time buyers as they strive to take the first step onto the property ladder, however new research has revealed that homeowners looking to move up to the second rung on the ladder are also experiencing problems. 

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Emma King

Lack of Awareness of Cohabiters’ Rights

New research has revealed a lack of awareness amongst cohabiting couples of what their legal rights would be should their partner pass away. 

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Karianne Falconer

Overseas Owners of Scottish Property

Registers of Scotland (RoS) has published an interesting report on properties owned or leased in Scotland by overseas companies and individuals. 

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Karianne Falconer

Research Reveals Buying is Cheaper than Renting

New research from Bank of Scotland has revealed that first-time buyers in Scotland save £31,000 on average when buying their own home instead of renting. 

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Billy Smith

Chancellor Requests Inheritance Tax Review

The Chancellor of the Exchequer, Philip Hammond, has apparently written to the Office of Tax Simplification (OTS) to request that it carry out a review of Inheritance Tax (IHT) in the UK. 

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