The following Private Client Q&A provides comprehensive and up to date legal information covering:
Following the Finance Act 2006, disabled person trusts can be established both as discretionary trusts and as life interest trusts. These trusts can be set up by anybody, including the disabled person themselves where they qualify as a ‘disabled person’. For information on who qualifies as a disabled person, see Practice Note: Taxation of trusts for disabled persons—IHT and sections 89, 89A and 89B of the Inheritance Tax Act 1984 (IHTA 1984).
Following amendments made to IHTA 1984 by section 216 and Schedule 44 to the Finance Act 2013, for all trusts established on or after 8 April 2013, the requirement that the trusts secure that half of any settled property applied during the life of the dis
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This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having an intercreditor agreement and when an intercreditor agreement would be used instead of a deed of priority or subordination deed•provides links to
What is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual positions•the main grounds of
Private nuisancePrivate nuisance is an unlawful interference with a person's use or enjoyment of land or some right over or in connection with it. Interference must be unreasonable, and may be caused, eg by water, smoke, smell, fumes, gas, noise, heat or vibrations. Where the defendant has not
This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
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