The Residential & Agricultural Property team comprises practitioners of the highest calibre. The capabilities of the team are widely respected and ensure the effective and professional negotiation, marketing and conduct of a property transaction. The team often sources property for clients and acts in the sale of residential development units. The team is experienced in all aspects of rural affairs, including farm acquisitions and sales, forestry, fishing and sporting matters.
As part of our Private Client & Financial Services department, the skills of the Residential & Agricultural Property team are complemented by the professional expertise of other advisors within the Private Client & Financial Services group. Thereby, all issues of taxation, financial planning, cohabitation, succession planning, e.g Wills, are easily and cost-effectiveley catered for.
Boasting a diverse offering, both modest and the most exclusive of properties are addressed by the team.
This experienced team provides advice and services in respect of the following matters:
17th December 2012
I have two daughters who will inherit equally. I have taken out Equity Release (ER) on my property - current value 450K. I have a term assurance policy with 14 years to run to more than cover the equity release made out in trust to both the girls. Am I right in thinking that : 1. the policy does not form part of my estate therefore will not be liable for inheritance tax 2. Inheritance tax will only be payable on the remaining value of the property after the ER has been repaid even though this will be done by means of the insurance policy.
“My family has used the firm for many years to sell residential units all over Edinburgh and, indeed, buy and sell our own houses. I can honestly say that they have always been there when needed and any problems that come up are dealt with very professionally. I would have no hesitation in recommending them to anyone”
Andrew Peters, Director, Melford Developments Limited