| Personal Factsheets > |
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Finance
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| Stamp Duty Land Tax |
| Stamp Duty Land Tax (SDLT) was introduced on 1 December 2003 and replaced Stamp Duty in respect of land transactions. Stamp Duty was an old tax which required the existence of a document, such as a conveyance. SDLT is a very different type of tax and the new regime is intended to be robust. This factsheet sets out some of the basic things you need to know about the tax. |
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| Buy to Let Properties |
| In recent years, the stock market has not proved to be a successful investment. Add to this the serious loss of public confidence in pension funds as a means of saving for the future and it is not surprising that investors have looked elsewhere. This has resulted in a massive expansion in the buy to let sector. |
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| Equity Release |
| The rapid increase in property prices over the last 15 years has led to a huge expansion in the number of home owning pensioners and retirees sitting on large value assets. This has paradoxically come at a time when many pension schemes are failing to deliver the promised returns, and the cost of living is spiralling ever upwards. This is giving rise to the phenomenon of an ‘asset rich, cash poor’ generation. |
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 (Locked) Sharing Property with the Elderly |
| Sharing a property with an elderly relative may seem to be the perfect answer to rising property prices, and concerns over care for the elderly, but people contemplating such an arrangement should be aware of the legal and practical problems which may arise. There are a number of different ways to share property, but an equal number of pitfalls, whether legal, financial or relating to tax. |
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| (Locked) Helping Your Children Buy a Home |
| Many parents seeing their children struggle to buy a house – either through lack of capital for a deposit, or the inability to meet monthly mortgage payments – will want to help. There are many ways in which to offer help, but an equal number of pitfalls, whether legal, financial or relating to tax. |
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