Inheritance tax – what the future may hold…
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The shadow chancellor is considering plans to impose a new lifetime gifts tax with a threshold of just £125,000. The Labour party has confirmed it is considering plans that will increase the receipts from inheritance tax from its current £5.3bn per year to £15bn. This will include a radical shift from taxing estates to taxing […]
I have received an inheritance which I do not wish to keep. What can I do?
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As strange as it may seem, there may be circumstances where you might not want assets or monies left to you in a Will. In this situation you have a right to refuse the inheritance. There are two methods to remove inheritance from your hands. They have very different implications. One method would be to […]
Celebrity Divorces
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nat_B0m
News of a celebrity divorce can become viral within seconds, but how much truth is there behind those eye-catching headlines? Let’s look at a few examples: “The Quickie Divorce” In 2018, it was reported that Jamie and Louise Redknapp’s 19-year marriage was ended in 25 seconds. This led many to question why their own divorce […]
Escalating Ground Rent
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nat_B0m
If you own a long lease on a property in England and Wales you will normally have to pay rent to the freeholder or landlord of the property, known as ground rent. This will be fixed or it may escalate during the course of the lease. Once the remaining term of a lease reduces to […]
The Problem with Sole Director-Shareholder Companies using Table A Articles
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The recent High Court ruling in Kings Court Trust Ltd & Ors v Lancashire Cleaning Services Limited (2017) has highlighted a significant problem for sole director-shareholder companies who use Table A articles of association.
What is a Collaborative Divorce?
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nat_B0m
The plight of Mrs Owens being forced to remain in a loveless marriage has garnered much media attention and strengthened the “no fault” divorce movement, but, pending a change in the law, can such a destructive impasse be avoided? YES, by choosing collaborative law.
Divorce law – welcome to the 21st century
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nat_B0m
At long last, the government has finally announced that it intends to introduce the “no fault divorce”, bringing family law into the 21st century. Currently, in this country, unless a couple has been living apart for a period in excess of five years (reduced to two if both parties consent), a divorce can only be […]
How Uber Is Transforming Employment Law in the UK
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Putting it lightly, it has not been Uber’s year. With every breaking news story comes another crippling blow to the $70bn tech giant. The TFL announcement that they would not be renewing their license to operate in London, having its co-founder forced out as CEO in June and failing to disclose the hack that affected […]
Minimising distress in divorce
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nat_B0m
Currently, unless a couple have been separated for five years or more (reduced to two years if they agree), they can only get divorced if the Petitioner can establish that the Respondent has either committed adultery or has behaved in such a way that the Petitioner cannot reasonably be expected to live with him/her. This […]
Online divorce applications but what about the financial settlement?
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nat_B0m
Online divorce applications are available from today at the government website (www.gov.uk). This provides the opportunity to start the straightforward part of the divorce process.