UK Office of Tax Simplification Takes Aim at Inheritance Tax Death duties were first introduced, in their modern form, back in 1894 when the government introduced estate duty, a tax on the capital value of land. Estate duty was eventually replaced by Capital Transfer Tax in 1975, which introduced the concept of tax on lifetime…
Compulsory first registration now applies to all transactions in land, whether or not they are for value. We have found that pre-empting a compulsory registration by applying in advance on a voluntary basis can be beneficial, since there are no time constraints – and a more measured approach, particularly to large blocks of land, can achieve a better result.
Moreover, there are a variety of other good reasons to voluntarily register land now, notably that any attempt to register squatters’ rights will be formally notified to the estate owner by the Land Registry, which will allow an objection to be lodged.
We have substantial experience of registering the full range of land holdings from small cottages registered to facilitate a sale to large estates in multiple ownerships.