
From 6 April 2017, the ability to deduct mortgage interest from rental income is being phased out gradually until April 2020, when after that date, only tax relief will be allowable as an adjustment to a Landlord’s tax liability.
Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
From 6 April 2017, the ability to deduct mortgage interest from rental income is being phased out gradually until April 2020, when after that date, only tax relief will be allowable as an adjustment to a Landlord’s tax liability.
The Scottish Land Commission (the “Commission”) published a report on 20 March 2019 on the impact of the concentration of land ownership in Scotland with recommendations to the Scottish Ministers.
If you or your business acquired rural or commercial land more than 20 years ago, it is most likely recorded in the General Register of Sasines rather than registered under the land registration regime.
The transfer of titles from the Register of Sasines to the Land Register, whether by acquisition, voluntary registration or Keeper-induced registration (KIR), can have undesirable consequences for landowners.
A market leading online Will writing service announced earlier this year that they aim to secure a 10 per cent market share of all the Wills written in Scotland by the end of 2019.