The team at The Commercial Law Practice has decided to join fundraising efforts and support Children in Need 2019.
The BBC fundraising for children initiative dates back to 1927 when the first appeal was made on Christmas day. £1300 pounds were raised then which is about £70 000 in today’s money.
Many good causes have been sponsored, supported by big names in the corporate and celebrity world but also by individuals. We can all do a bit to make the world a nicer place for children to grow up in by supporting all children and particularly those who are disadvantaged or experiencing really challenging and difficult times in their lives.
They are our future!
As a seller you must declare if your property has got Japanese Knotweed.
Why and what is it?
Introduced in the 19th Century as an ornamental garden plant, it was reported that Japanese Knotweed has been the cause of over 6000 complaints to Network Rail throughout the UK in 2019. Some owners of properties adjoining the government-owned company have been struggling to sell their properties and a recent report from Environet estimates that now 4-5% of UK homes suffer from this pesky plant.Read More
The Commercial Law Practice are sponsoring a pink tractor to take part in this fantastic event. We hope that we can all join together to enjoy this weekend and raise funds to help The Dorset Cancer Centre at Poole Hospital.
MINIMISE INHERITANCE TAX
Inheritance tax (IHT) is a charge on your assets on death. Lifetime gifts made in the seven years before your death can also be brought back into account for tax purposes.
IHT is also charged where an asset appears to have been given away but where, in fact, you retain the use of that asset.
When you die, the IHT charge on your estate is at 0% on the nil rate band at 40% on the remaining balance.
The nil rate band is currently £325,000. However, the nil rate band available on your death can vary as it can be used up by lifetime gifts made in the seven years before your death.
At The Commercial Law Practice we pride ourselves on our friendly, open approach and effective communication is a vital part of how we work. When you consider that a typical property conveyance may involve the purchaser, seller, estate agent, bank or building society, surveyor and two firms of solicitors then it’s possible for things to go wrong unless everyone understands the same meaning for any words or phrases that may be used. For example, two words, ‘subsidence’ and ‘settlement’, are commonly used in property reports to describe cracking in the walls. However, particularly with reference to property insurance in England and Wales, subsidence and settlement are two different things and the words cannot be used interchangeably. Technically, cracking may be the result of either subsidence or settlement (but not necessarily either of them!). Please read on, we’ll explain the differences and why they may be important to you, below.
Do I really need a house survey?
If you are buying a house or flat in England or Wales then probably, yes. With all the other costs associated with moving home then, at the time, the cost of a survey can look like an unnecessary expense but, for most buyers, a pre-purchase survey is a good idea.
If you do commission a decent quality survey at least you will be aware of any problems there may be with the property so that you can make an informed decision about the price you have agreed to pay and, if necessary, budget for any repair work that may be needed.
The Commercial Law Practice supports our local community to help clean up as part of the country’s biggest mass-action environmental campaign
Our team from The Commercial Law Practice turned out on Saturday 30th March 2019 to support this year’s Great British Spring Clean, run by environmental charity Keep Britain Tidy.
The campaign, which runs from March 22nd to April 23rd, will see over half a million people taking action to clean up streets, parks and beaches across the country.
The Commercial Law Practice team will be meeting at the Borough Gardens band stand at 10 am on Saturday 30th March 2019 to help with the Dorchester Spring Clean (litter picking, but differently….). If you want to help too then come along and join in, be part of the pick, or just come and say hello.
Why do I need a Lasting Power of Attorney ?
If the subject ever comes up, you may ask yourself what is the point of having a Lasting Power of Attorney (LPA) in place. The answer to this conundrum is to consider what will happen if you don’t have one in place.