Posted by James McNeile, Partner
Partner and head of our Private Client team James McNeile examines two important notices issued this month: the first one signalling potential changes to taxation of chargeable gains, and the second concerning the final regulations regarding the UK Trust Register.
Posted by Chris Wilson, Partner
New rules in respect of capital gains tax (CGT) will come into force, for UK residents, affecting all disposals of property from 6 April 2020.
Posted by Laura Kearns, Associate
The Covid-19 pandemic has caused great uncertainty for many clients, including those who have found themselves stuck in a jurisdiction, unable to leave on the date they intended. It has triggered particular concern for non-UK resident individuals whose tax status may be impacted by a longer stay in the UK.
Posted by Sara Isenberg, Senior Associate
The Office of the Public Guardian (“OPG”) ramps up its effort to modernise and digitalise its service.
Posted by Sara Isenberg, Senior Associate
That is the question… which many Attorneys should be asking themselves when spending a Donor’s money, and a question many advisers should be aware needs to be asked.
Posted by Mike Muston, Senior Associate
One area where there has been much debate in the legal sector over the past few months is in relation to the preparation and execution of Wills. Many firms saw a huge increase in demand for will instructions in March and April and it is inevitable that there will also have been an increase in the number of Wills that were made at home, without professional assistance.
Posted by Mandy Casavant, Partner
The families of frontline carers are to be exempt from inheritance tax should they die as a result of Covid-19 through the course of their work thanks to an exemption to legislation first created for serving personnel and emergency services.
Posted by Rod Smith, Partner
Domicile is the keystone to inheritance tax (‘IHT’). Where a married couple or registered civil partners are both UK domiciled or both non-UK domiciled, the full spousal exemption applies.
Posted by Rod Smith, Partner
With the FTSE 100 down by around 20% on the start of the year, the current situation presents valuable opportunities for lifetime tax planning.
Posted by Mollie Sturgess-Webb, Trainee Solicitor
Mollie Sturgess-Webb examines issues around Lasting Powers of Attorney and measures you need to take to make sure donors’ financial affairs can be fully looked after.
Posted by Amanda Noyce, Partner
The demand for Wills is, understandably, high. However, the requirement for two independent witnesses is proving challenging when the country is in lockdown. The Law Society and the Ministry of Justice are discussing ways to make the signing of Wills and powers of attorney easier and quicker.
Posted by James McNeile, Partner
As Coronavirus cases increase so does, understandably, the demand for will services. But, as self-isolation and social distancing requirements are raised, how is the way in which wills can be witnessed and processed likely to change? Should we be looking to the government to bring in new legislation to mirror the process of wills for those in the armed forces or merchant seamen at sea?