cpm21 News

Sale of Residential Property in the UK from 6th April 2020 New CGT Rules

Sale of Residential Property in the UK from 6th April 2020 – New CGT Rules

We realise that conveyancers have lots to distract them at the moment, so we just wanted to ensure that you did not miss the new rules that come into effect from the 6th April 2020.

As from this date, vendors of residential property will have to make a declaration to HMRC and pay any Capital Gains Tax (CGT) due within 30 days of the date of completion.

All Change for 2019…it’s the new CQS Core Practice Management Standards….

Yes, that’s right. Slightly over a year since we predicted they would be updated, the new CQS Core Practice Management Standards (referred to as CPMS for the rest of this article) have been released, and will be implemented from the 1^st of May 2019 for all existing CQS member firms, and for any new entrant CQS firms.

So what’s new?

2018 - CQS Audits to Return?

2018 – CQS Audits to Return?

CQS Accredited firms may know by now that the Law Society had a complaint about their CQS scheme marketing upheld against them by the Advertising Standards Agency in 2017 – see https://www.bbc.co.uk/news/uk-42074154.

And while we’re sure some people may have found that amusing, the potential response in 2018 may be significantly less so.

Are you ready for a CQS Audit?

 Are you ready for a CQS Audit?

If not, now is the time to prepare! 

Did you know that in the last 12 months the CQS office undertook desk top audits of nearly 25% of firms in the second year of their membership?  These continue to be undertaken on a monthly basis.