Latest News & Blogs

October 5, 2018

Hugh Gilchrist Retiral Dinner

A few pictures from last night at Dalziel Park Motherwell where a lovely meal was had by all for Hughs retiral dinner!
September 12, 2018

Gavin Charles Pomphrey

Pomphreys sadly announce that Gavin Pomphrey, former senior partner of the firm, passed away peacefully on Friday 7th September after a short illness. A funeral service will be held at South Lanarkshire Crematorium on Wednesday 19th September at 11.45am to which all former clients, colleagues, and friends are invited to attend.
August 27, 2018
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Pimlico Plumbers v Smith

It might sound like the title of a West End farce but this ruling by the Supreme Court gave once of the clearest indications yet that those employers who impose certain conditions on the people they engage under the heading of “self-employed” might actually be workers. Gary Smith, a plumbing and hearing engineer, worked for Pimlico Plumbers Ltd between 2005 and 2011. Mr Smith worked exclusively for Pimlico Plumbers, was VAT Registered and paid tax on a self-employed basis. He suffered a heart attack in 2010 and in 2011 he asked Pimlico Plumbers if he could reduce the number of days he worked for them from 5 to three. They refused. They also took away his branded van (which he had hired). Mr Smith lodged a claim with the Employment Tribunal that he was unfairly dismissed. He also argued that he was entitled to basic workers’ rights – the right […]
August 27, 2018
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Tax break for first time buyer

A new tax break for first-time buyers became available on 30th June 2018. From that date, first-time buyers now enjoy additional Land & Buildings Transaction Tax (LBTT) Relief when purchasing their first home. This change in the law, when buying a property, LBTT was due on any purchase of more than £145,000. It didn’t matter if you were a first-time buyer or not. Since 30th June 2018 that threshold for first-time buyers has now become £175.000. The Cabinet Secretary for Finance in the Scottish Government estimates that this relief will move 80% of first time buyers out of tax when they buy a house. He also estimates that this will help more than 12,000 purchasers every year. Revenue Scotland will manage this new scheme This relief will apply to any transaction where the effective date (Date of Entry) is after 30th June 2018 and where the contract (“Missives”) was entered […]
August 27, 2018
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Hugh Gilchrist, Consultant

As some of our clients may be aware our Consultant, Hugh Gilchrist, has chosen to retire and will leave the business on the 20th September 2018. We were all delighted when Hugh decided to merge his firm – Hugh Gilchrist & Co – with Pomphreys in October 2007. Since the merger, Hugh has been an integral part of our team, specialising in private client work and conveyancing. His expertise covered such topics as residential purchase and sale transactions, Wills, Powers of Attorney, and administration of executry estates. Hugh is a well-respected and acknowledged solicitor not only within Pomphreys but to his loyal client base and in the wider legal community. His presence both professionally and personally will be greatly missed. Hugh is retiring to spend more time with his wife Liz and wider family. We are sure you join with us when we wish Hugh a long and happy retirement. […]

TAX RELIEF FOR FIRST-TIME BUYERS

The abolition of SDLT for first -time buyers in England and Wales was a welcome Budget announcement. From 22 November 2017, first-time buyers will be relieved from SDLT on the first 300k paid for their property, so long as the value of the property does not exceed 500k. The measure is expected to benefit 95% of first-time buyers saving them an average of £1660 each.

In a similar move, the Scottish Government announced in it’s budget that it will be introducing LBTT relief on the first 175k paid by first-time buyers in Scotland.

Although considerably less than the SDLT relief, this is expected to cover most properties in Scotland, and will exclude 80% of first-time buyers from LBTT entirely. Additionally, as there is no upper limit on the value of the property, the tax paid by all first-time buyers will be reduced.