Lifetime Gifting

With Christmas here and everyone hopeful of the resumption of normal life next year, you may be considering making gifts to family, friends or charities. The normal rule for lifetime...

OTS Report on Capital Gains Tax

The Office of Tax Simplification The Office of Tax Simplification is an independent office of the Treasury, set up in 2010 to provide advice to the Government on simplifying the...

Business Property Relief and Furnished Holiday Lettings 2.0

As discussed in our Blog post Business Property Relief and Furnished Holiday Lettings in September 2018, the decision in Graham[1] appeared to provide a welcome shift in the First Tier...

Negligible Value Claims

A Problem Jane buys shares in Company A for £1000. Unfortunately, Company A later has financial difficulties and goes into liquidation. Jane’s shares become worthless, causing her a real-world financial...

Green Homes Grants in England

On 30 September 2020, the Department for Business, Energy and Industrial Strategy (BEIS) launched the Green Homes Grant, a £2 billion scheme aimed at improving the energy efficiency of residential...

Electric Vehicle Charging

The UK Government plans to ban the sale of conventionally powered cars by 2035, and attention is now turning to the infrastructure that will power the electric revolution. The National...

Conservatorship and the #FreeBritney Movement

Twelve years ago, Ms Spears very sadly faced a mental health crisis, which splashed all over the world news at the time. Since then, Ms Spears’ affairs have been handled...

Scottish Land Commission protocols for land owning Trusts and Charities

The Scottish Land Commission (“SLC”) recently published two new protocols setting out best practice and expectations for private Trusts and Charities which own private land in Scotland; ‘Land Ownership by...

Update on the Planned Expansion to the Trust Registration Service

Last month we reported on the proposed changes to expand the scope of the Trust Registration Service (TRS) as a result of the EU Fifth Anti-Money Directive (5AMLD). Following a...

UK Residential Property Gains Changes

Reporting on the disposal of UK residential property In recent years, HMRC has introduced a number of changes to the way in which the disposal of UK residential property is...

New developments in relation to the Trust Registration Service (TRS)

Background HMRC introduced the Trust Registration Service (TRS) in 2018. Under existing rules any trust with a UK tax liability is required to register and to provide details regarding, among...

Scottish Government Response to the Consultation on the Law of Succession – Intestate Succession

The Scottish Government’s Consultation on the Law of Succession https://www2.gov.scot/Topics/Justice/law/damages/succession/scottish-government-response-succession-consultati) considered recommendations made by the Scottish Law Commission on changes to succession law dealing with three key areas: intestacy, disinheritance...
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