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HMLR – resuming cancellations

November 2020 | Conveyancing

This is important. HMLR will resume the cancelling of applications with outstanding requests for information (requisitions) from 16 November 2020. Reminder letters will be sent to customers giving four weeks’ notice of the cancellation, along with information on how to request an extension if conveyancers are still unable to reply. HMLR requests that firms do …

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Company charge – registration

November 2020 | Conveyancing

We have seen from the entry above that the period allowed to deliver the particulars of the charge to Companies House has been temporarily increased from 21 days to 31 days. The charge has to be registered to maintain validity of the charge against a liquidator, administrator or other creditor. Despite the temporary increase this …

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HMLR – first registration if deeds are lost

November 2020 | Conveyancing

HMLR has made a small but significant chance to PG 2: First registration of title where deeds have been lost or destroyed, so it seems like a useful prompt to remind practitioners as to the requirements more generally. If deeds have been lost or destroyed and an application for first registration is made, HMLR has …

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Vulnerable clients – elder abuse

November 2020 | Wills, probate and administration

Does existing legislation protects those who are most vulnerable to financial abuse, particularly with the increasingly ageing population? This is the difficult subject of an article in which the author cites a statistic that 413,500 elderly people in England and Wales experience some form of abuse every year. She notes that the CPS has already …

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CGT filing deadline – reminder

November 2020 | Conveyancing

HMRC has issued a reminder that if CGT is payable on the sale of a residential property, the deadline to notify and pay CGT changed from 6 April 2020. If a UK resident sells a property in the UK they must report and pay CGT via the HMRC online service to HMRC within 30 days …

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GDPR – time to conduct a review?

November 2020 | Conduct, practice and risk management

Each month we consider conduct and practice issues relevant to busy practitioners. This month we will revisit the importance of GDPR. Cybercrime is a frequent topic (see October 2020 (p4)), not least because it is a risk to law firms which is permanent but also because the risks are greater with large numbers of staff …

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CGT – trap

November 2020 | Conveyancing

Conveyancing practitioners no doubt remind clients who are selling a dwelling house that is not their only or main home throughout their period of ownership of the potential CGT liability on sale. However, conveyancers may also wish to add an additional section in their standard purchase report to cover the risks to homeowners who are …

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HMLR – form RQ

November 2020 | Conveyancing

Conveyancing practitioners will be familiar with form RQ: Request for a restriction by owners not living at the property. This form is a straightforward way of getting a form LL restriction in the following terms on a register of title: ‘No disposition of the registered estate by the proprietor of the registered estate is to …

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Registration of a company charge – increased filing period

November 2020 | Commercial

One of the changes made by the above regulations which warrants its own entry is in relation to the period required to register a company charge. The period allowed to deliver the particulars of a charge to Companies House will increase by ten days. The standard timeframe for a person with an interest in the …

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