Capital Gains tax does not just apply to properties, but also to shares not held in ISAs, parcels of land, holiday homes, works of art, jewellery and digital assets (ie cryptocurrency etc).
With a strong working experience of this niche legal area, Giles Wilson can help you and other leaseholders purchase the freehold of your residential building, in certain circumstances.
Collective Enfranchisement is the legal right of long leaseholders to act together to purchase the freehold of their building, provided that certain criteria are met. The collective group of leaseholders would then acquire the freehold of their building and would collectively become the Landlord under their respective leases.
The process requires an in-depth knowledge of the statutory provisions governing the rights of long leaseholders. It is essential that you seek professional advice as soon as possible before starting the claim, so that the process is followed correctly. This will often involve a surveyor to advise on matters of the premium and potential settlement options.
With experience acting for a range of commercial property leaseholders and freeholders, our dedicated Collective Enfranchisement solicitors can help you prepare your claim.
Featured Insights
Have you thought that one day, when the time comes, you would like to keep your parents’ home in the family? Perhaps live there yourself? Even bring up a family there? You may even have had conversations with your siblings about how one of you would buy out the others. If this is something you are thinking about – you need to start planning now.
The Act brought in a form of protection to the leasehold flat by a Certificate Scheme but unless these certificates are granted at the right time, and in the right way, the protection can be lost. It is crucial that the correct Certificates are in place if you want to sell your leasehold flat, or if you wish to buy one.
Awards & Recognitions
The expertise of our solicitors is regularly recognised by some of the profession’s most distinguished organisations. As well as being a member of a number of Law Society schemes, we have won awards at the Law Society Excellence Awards, the Halsbury Legal Awards and the Modern Law Awards.
We have also received recognition in the form of the Lexcel mark of quality, a Legal 500 listing and a place on the shortlist of The Lawyer’s Boutique Firm of the Year.
Our accolades
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