A reform of residential property Stamp Duty Land Tax announced by the Chancellor in his Autumn Statement means that purchasers of buy to let properties and second homes will be faced with increased Stamp Duty as of 1 April 2016.
Buyers will have to pay an additional 3% on each Stamp Duty band where the purchase price is £40,000 or more. It is not just landlords that will be hit by the increase, but anyone owning a second home. This could be parents buying a property for their children or a couple purchasing a home together where one is already a homeowner.
Anyone owning a second property that isn’t their main residence and buying another, or replacing the one they don’t live in, is likely to get caught up in the changes.
Over the last few months we are seeing many of our investor clients making additions to their existing portfolio in order to save on the new charges which will be finalised at this year’s Budget.
An illustration of how the increased charges may affect you.
At North Ainley we are always enthusiastic participants when giving to charity and contributing to the community. Especially at Christmas the Partners and staff have been busy fund raising whilst having a great amount of fun and enjoying getting into the festive spirit at the same time.
Christmas Advent Calendars
Throughout November we collected 42 advent calendars and donated them to the foodbank on Clegg Street for local children whose families will be finding this time of year very difficult.
On Friday 18 December we took part in text SANTA Christmas Jumper day wearing our festive knits and making a small donation to do so. The money raised will help three amazing charities –
Macmillan Cancer Support
Save the ChildrenText SANTA
From November we have all been collecting items to fill our luxury hampers. This year we have managed to put together 5 superb hampers.
Senior partner Mr John Ainley drew the 5 winning tickets on the 23 December ready for the lucky winners to take home ready for Christmas. The sale of the raffle tickets raised an amazing £192.00.
This year we will be sending the money to the Silver Heart Unit at Fairfield Hospital.
The Silver Heart Unit closed at Rochdale Infirmary and is now located at Fairfield Hospital in Bury, it is a dedicated cardiology unit that serves patients from North Manchester, Fairfield, Bury, Rochdale, Oldham and parts of East Lancashire. The Unit provides a range of complex diagnostic and enhanced specialist interventional procedures for patients with coronary heart disease and associated problems.
Staff at North Ainley recently donated money to wear a red item to support the Child and Family Connect ‘see RED’ campaign.
Child and Family Connect is a charity which hosts 5 individual contact centres in Bury, Rochdale, Oldham, Bootle and Southport and provides invaluable support to local families.
See RED was a simple fund raising idea introduced by the charity for firms of solicitors to show their support and raise desperately needed funds. Monies raised would help these centres to remain open and continue to provide a safe, neutral and comfortable place for children of separated families to see their non-resident parents and sometimes other relatives.
When relationships break down heightened emotions often make it difficult for couples to communicate with each other and this can impact upon the children and arrangements for their care. In the majority of cases it is very important that children are allowed to maintain a relationship with both parents and those who are important to them.
You can contact the contact centre direct to apply or can be helped by your social worker, Cafcass officer, the mediation service or your solicitor.
Our family team have a wealth of experience in these matters and understand the distress and heartache that surrounds all matters arising out of the breakdown of a relationship including arrangements in respect of the children.
Both our family solicitors are members of Resolution. Alison is an Accredited Specialist and Collaborative Lawyer. For more information contact Alison or Lucinda who offer a free no obligation initial appointment to discuss your matter and further options.
For further information please contact our Family Department on 0161 624 5614
Thank you for the fantastic support for this year’s Key 103 Cash for Kids Mission Christmas Appeal.
If you would still like to donate it’s not too late.
Our last drop off date for any toys or gifts will be
MONDAY 7TH DECEMBER 2015 BY 5.15PM
This year Mission Christmas is hoping to help 60,000 children in Manchester have a happier Christmas, please join in by buying an extra gift or donate cash and help to change a sad Christmas into a happy one for Manchester kids.
1 in 3 children are living in poverty in Greater Manchester.
That’s why Key 103 Cash for Kids have launched Mission Christmas, in partnership with the Manchester Evening News. They are asking people to buy just one extra present this year that they can give to a disadvantaged local child to make their Christmas morning special. They are looking for new and unwrapped gifts suitable for babies, toddlers, children and teenagers aged 0 to 18 years and you can donate at one of their drop-off points across the region.
North Ainley has, once again, agreed to be one of these drop off points and would very much appreciate your assistance and co-operation with this charitable event. There is no price guide and nothing can be too small – every little helps!
We are pleased to announce that we will be holding our second annual Coffee Morning in aid of Macmillan Cancer Research.
The coffee morning is open to everyone, so why not call into the office for a piece of delicious homemade cake (lovingly baked by our very own members of staff) and a good cuppa.
We hope to raise money to support the wonderful work carried out by the charity and look forward to welcoming you on Friday 25 September between 10:00 am and 2:00 pm.
Please spread the word and help raise money to support this worthy cause.
The Government has announced increases to court fees that mean the cost of getting divorced is to rise by about a third. From later this year, the cost of a civil court hearing in England and Wales will be £550.00, a rise of £140.00. The Family Law solicitors at North Ainley are committed to offering alternatives to couples who find themselves in this unhappy situation. Read More
Here at North Ainley Solicitors, we take our corporate social responsibilities seriously.
We have a great sense of pride in our heritage and strongly believe in giving something back to the community. Read More
At North Ainley solicitors we are pleased to announce the launch of our new website. Created with the needs of our clients very much in mind, the website has been built using the latest technology to be compatible with new browsers and devices. Working closely with Platform 81 Digital and Design Agency we have developed a website that we hope is useful and informative to both current and prospective clients. Read More
One of the greatest concerns for many people is what will happen if they have to move into a care home, or require assistance in their own homes. There have been many reports in the press of people being forced to sell their homes to pay for care home fees or of people having to work hard all their lives only to have their savings depleted by nursing home fees. Read More