Finding yourself in a property chain can present a range of problems when you’re looking to move. Ideally, you would be able to sell your home quickly but then have all the time you need to identify your new home while your buyer patiently waits until you are ready to
The Land and Buildings Transaction Tax (Amendment) (Scotland) Act 2016 (containing Additional Dwelling Supplement or “ADS” provisions) came into effect on 1 April 2016, adding an additional cost to buyers who purchase an ‘additional’ dwelling at a price over £40,000. The tax on the total purchase price increased from 3% to
If you fall behind with certain financial liabilities, such as council tax or other taxes collected by Revenue Scotland, there are procedures in place that enable creditors to collect outstanding sums quicker than is usually the case with traditional debt recovery procedures. A summary warrant is one such method, commonly
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If you are selling a property in Scotland, you will need to provide a home report for prospective buyers. This is a pack of documents that offers details about the house, providing buyers with upfront information on the condition of the property which will enable them to make informed decisions
Background Under the Succession (Scotland) Act 2016, a process was introduced that provided a method of dealing with defects in a person’s Will, which are causing difficulties in the administration of the Will. Section 3 of the Act allows for rectification of the Will if the testator (Will-maker) died domiciled
The controversy about the introduction of compulsory Home Reports for sellers continues to rage, but one aspect of the Home Report we’d all better get used to is the Energy Performance Certificate or “EPC”. With the introduction of Home Reports for properties marketed after 1 December 2008 it became mandatory
5 am on 1 September 2009 sees the introduction of all the provisions of the Licensing (Scotland) Act 2005. Licensing Law as the Scottish public currently knows it will cease at that time when the new Licensing Legislation comes into effect. By that date, every licensed premise in Scotland will
The above piece of Scottish legislation has fundamentally altered the law relating to both bankruptcy and diligence. Insofar as bankruptcy is concerned, debtors will be automatically discharged from bankruptcy after one year (as opposed to the previous three year period) and, in addition, there has been introduced the concept of
