Residential property

The Ministry of Housing, Communities and Local Government (MHCLG) have published their response to their Call for Evidence on improving the home buying and selling process. This sets out their proposals to improve the current system for consumers.

The new Land Transaction Tax (LTT) replaces stamp duty land tax in Wales on Sunday 1 April. All transactions after this date will be subject to the new tax and tax payments will be collected by the Welsh Revenue Authority.

The Law Society’s Corporation Tax Sub-Committee has submitted a response to the taxing gains made by non-residents on UK immovable property consultation published by HMT and HMRC on 22 November 2017.

The Law Commission have published a call for evidence on commonhold. This is the first step in their project to reform the law of commonhold.