The following Family Q&A Produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:
Where a person is resident in the UK but earns income or makes capital gains in respect of foreign income or assets, they are ordinarily obliged to declare this income via a self-assessment tax return (Part 8 of the Income Tax (Trading and other Income) Act 2005).
A Child Maintenance Service (CMS) calculation is calculated, at least initially, on declared earnings. The statutory formula is based upon taxable gross annual income (ie income from employment or self-employment, pensions and some benefits). The CMS obtains this information from HMRC for a given tax year and then uses that figure to calculate the child maintenance liability. Where either the paying or receiving parent can show that the figure used from HMRC is at least 25% different from their actual current i
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This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent and drafting issues.What are conditions precedent?A condition precedent in a commercial contract details an event which must take place before:•a
When restructuring is considered rather than formal insolvency proceedings (see Practice Note: Benefits of restructuring over formal proceedings) the company may want to ensure that relevant creditors quickly enter a standstill agreement to gain some breathing space to consider a restructuring
This Practice Note considers the legal concept of mistake in contract law. It examines common mistake, mutual mistake, unilateral mistake, mistake as to identity and mistake as to the document signed (non est factum). It also considers the impact of each of these types of mistake on the contract and
IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal system of the religion of Islam that sets out a system of duties or code of conduct for individuals to follow so that they may live their life in a
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