Property News

The Coronavirus (Scotland) Act 2020

This piece of temporary legislation received Royal Assent on the 6th April 2020 and includes, amongst many other things, changes to the law relating to the Private Rented Sector.  These changes will apply until the 30th September 2020 initially, although the legislation gives a provision for an extension of the... Read more

Moving Home - update and FAQs

Both the Scottish Government and the Law Society of Scotland have issued guidance to all property solicitors on what is expected to happen during the present “lockdown” period.  This guidance relates to both concluded and unconcluded transactions. Read more

"All change" on the Capital Gains Tax front from 6th April 2020

On 6th April 2020, capital gains tax (CGT) on property will change.  This may have an effect on the amount of tax paid to HMRC following upon the disposal of a property. Read more

Washing Machine Recall

Whirlpool are recalling over 1/2 a million washing machines due to a potential risk of fire. The recall affects certain Hotpoint and Indesit models manufactured between 2014 and 2018. Read more

Aberdeen city is one of the ‘best in which to live and work’

According to the latest Demos-PwC Good Growth for Cities Index, and as published in the Press & Journal, Aberdeen is ranked in sixth place in a league table of 42 UK cities, bypassing Edinburgh, as one of the best cities to live and work in the UK.  The study was... Read more

Property Market Viewpoint

It has been an interesting year for the Property Team at Mackinnons.  Three new members of staff were warmly welcomed into the fold at the beginning of the year and have settled into their new positions well, bringing with them fresh ideas and implementing changes that will stand the team... Read more

Equity Release - a later life solution for you?

For those who are unfamiliar, equity release can offer a solution for people to cash in on their home while still living there. Aimed usually at those aged over 55 and above it can offer a means of borrowing money in the run up to and after retirement, using your... Read more

Is your child leaving home to start university?

As the new university term starts for another year, new undergraduates for the first time will have to learn how to cope living away from home and how to handle their finances. Read more

Gifting Bricks and Mortars - do take care

Transferring a flat or a house for anything less than its worth, or for no payment at all, is known as a transfer at “undervalue”, e.g. if a grandfather sells his house to his grandson at £200,000 when the property is worth £450,000 then he will have “gifted” part in... Read more
Latest News
New Year's Resolution?

2022 offered some interesting debate about sole director companies which had chosen to implement the Model Articles and how (or whether) certain provisions of the Model Articles applied (or not).

Read More