Moving Home - update and FAQs
Both the Scottish Government and the Law Society of Scotland have issued guidance to all property solicitors on what is expected to happen during the present “lockdown” period. This guidance relates to both concluded and unconcluded transactions. Read more"All change" on the Capital Gains Tax front from 6th April 2020
On 6th April 2020, capital gains tax (CGT) on property will change. This may have an effect on the amount of tax paid to HMRC following upon the disposal of a property. These are 3 major changes to the current legislation. Read moreWashing Machine Recall
Whirlpool are recalling over 1/2 a million washing machines due to a potential risk of fire. The recall affects certain Hotpoint and Indesit models manufactured between 2014 and 2018. The safety issue concerns the door lock system on certain models. Read moreAberdeen city is one of the ‘best in which to live and work’
According to the latest Demos-PwC Good Growth for Cities Index, and as published in the Press & Journal, Aberdeen is ranked in sixth place in a league table of 42 UK cities, bypassing Edinburgh, as one of the best cities to live and work in the UK. Read moreProperty Market Viewpoint
It has been an interesting year for the Property Team at Mackinnons. Read moreIs your child leaving home to start university?
As the new university term starts for another year, new undergraduates for the first time will have to learn how to cope living away from home and how to handle their finances. Read moreEquity Release - a later life solution for you?
For those who are unfamiliar, equity release can offer a solution for people to cash in on their home while still living there. Read moreGifting Bricks and Mortars - do take care
Transferring a flat or a house for anything less than its worth, or for no payment at all, is known as a transfer at “undervalue”, e. g. Read moreAdditional Dwelling Supplement - an update
2016 saw the introduction of the Land and Buildings Transaction Tax (LBTT) Additional Dwelling Supplement or ‘ADS’ which applies an additional 3% rate of tax to residential property purchases. Read more
