Whether purchasing for rental income, long-term investment or for weekend or holiday use, this is still a major financial commitment and you can be sure that we will treat it as such.
We can advise as to whether it is more beneficial to raise funds on your main property or on the second home itself, and in the case of rental properties will carefully consider any restrictions upon renting or any financial obligations of ownership that would affect your financial calculations.
Owners of second homes are also likely to require advice on Inheritance Tax and Capital Gains Tax and appropriate financial planning to meet Inheritance Tax liabilities. We can obtain advice on your behalf if requested.
The Affordable Rural Housing Commission has asked the Government to consider several proposals including a requirement that buyers of second homes obtain planning permission for change of use. Alternatively there is a possibility of changes in Council Tax levels, or additional "local impact taxes" to counter a perceived problem of picturesque "ghost villages" in popular areas. Whatever regulations are made, Astrantia is placed to provide up-to-date advice.
Burkill Govier and Astrantia are trading names of BG Legal Services Limited, which is registered in England No. 5823947, having its registered office at 2 Maritime House, The Hart, Farnham, Surrey GU9 7HW. A list of directors is open to inspection at the registered office. BG Legal Services Limited is regulated by the Solicitors Regulation Authority. Tel: 01252 727478; Fax: 01252 717188. DX 32804 Farnham. Email to firstname.lastname@example.org