Property, Landlord & Tenant and Leasehold Enfranchisement
Hillary Cooper Law is a boutique law firm with expertise in handling all sorts of property, landlord and tenant matters.
Whether you are a leaseholder or freeholder, we have experience with residential properties, including enfranchisement issues that can be handled non-contentiously by our specialist legal team.
We understand Property Law may come across as tedious whether it’s for something small, such as issues related to environmental considerations or more extensive larger scale, for example, a construction project; we’ve got the expertise and experience necessary to meet your needs.
Hillary Cooper Law
go above and beyond
to get you the desired
legal outcome
Hillary Cooper Law’s years of experience in this field will give you personalised attention unlike any other company offering property, landlord and tenant legal advice.
With offices based in Covent Garden and Bromley, Kent, we are able to offer our clients high-quality service at affordable prices.
FAQ
Frequently Asked Question
Insurance is just another protective measure that it is advised to explore. It is advised to organise your building insurance before the exchange of contracts.
Building insurance should be present on the day that the exchange of contracts as it is where one becomes legally committed to the purchase of a property. The building insurance also works to protect your rights and liabilities concerning your property,
The short answer to this is yes!
You will need to ensure that you notify HMRC of the potential extra income you make. If you fail to do so, you may risk accusations of deliberately avoiding tax, therefore resulting in any missing tax being reclaimed in addition to fines up to the total value of any unpaid tax!
This includes choosing to rent out only a room on your property. Despite this not being a whole house or flat, you will need to declare any extra income via a “rent a room scheme”. This scheme provides that you must pay tax if your earnings are any higher than the threshold per annum (£7,500).
This area is recognised as a complex area, and it is strongly advised to seek guidance from a qualified solicitor.
You are taxed on your foreign properties in the same way you would be taxed on any UK property. If you are a resident in the UK receiving any income from renting your property abroad, all profits are subject to UK income tax laws.
There is certain relief available for those who are taxed in more than one country. In order to prove you are eligible for tax relief, a completed form from the tax authority must be provided to HMRC.