Selling a property at below the probate value

Selling a property at below the probate value

The property market is often volatile but throw a Coronavirus pandemic and a stamp duty holiday into the mix and it is easy to see how property prices can vary dramatically, even in a relatively short period. If you’re in the process of selling a property under probate, here’s what you should know.

Extracting income from a family company with no retained profits

Extracting income from a family company with no retained profits

The Covid-19 pandemic has had an adverse effect on millions of family companies, potentially reducing or eliminating profits. Where there is cash in the business that can be withdrawn, possibly because the business has received a Coronavirus Bounce Back Loan or a Coronavirus Business Interruption Loan, and the family need to withdraw funds to meet …

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SDLT

SDLT & Linked Transactions

Where two or more property transactions involve the same buyer and seller, they may be ‘linked’ for SDLT purposes which can mean you pay more SDLT than you would if they were dealt with individually.

• Selling the buy-to-let property at a loss

Selling your BTL (buy-to-let) property at a loss

Many landlords are struggling due to non-payment of rent or empty properties because of the pandemic, and some landlords are now thinking about selling their buy-to-let property to help ease their financial hardship. But what happens if you sell your buy-to-let at a loss? In this blog, we go through a couple of examples to help illustrate how to deal with this scenario.