Gratuitous alienation

What is gratuitous alienation? Basically, in terms of Section 242 of Insolvency Act 1986 provides protection against company’s directors and individuals disposing of assets beyond the reach of its creditors. It also includes the transfer of a property from a debtor to another connected person for no consideration or for inadequate consideration before signing a …

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Buy-to-Let Landlords Exit the Property Market Due to the New Additional Dwelling Supplement

INTRODUCTION The Scottish Government’s new tax legislation on additional residential homes will have serious unintended negative consequences for both the private rented sector and first time buyers, those the legislation was actually designed to help. We have already seen a stampede of landlords deciding they have had enough and are looking to sell their buy-to-let …

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