Mistake and rectification

Mistake and rectification

When Peter Robin Hood Hastings-Bass died, he gave rise to the principle that robbing the rich – the Inland Revenue in those days – to assist the relatively poor – his family – could be successful, and any inadvertent mistakes along the way could be glossed over and remedied (see Hastings-Bass (deceased) v IRC [1974]. Read more

The 3% SDLT surcharge on second homes

The 3% SDLT surcharge on second homes

Over Christmas the Treasury issued their promised consultation document on the 3% SDLT surcharge that comes into effect on 1 April 2016. This surcharge will apply to: the second residential property purchased by an individual; any residential property purchased by a company; any residential property purchase by a discretionary or accumulation trust, and some residential. Read more

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