The following Private Client Q&A Produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:
The government announced in the April 2015 budget that it would bring in, with effect from 6 April 2017, a Residential Nil Rate Band (RNRB) for the purposes of inheritance tax. The RNRB will progressively increase to 2021 and thereafter will increase by the Consumer Price Index (CPI). The purpose of the RNRB is stated to be to enable parents to pass on to their children the family home and is therefore an additional allowance to the £325,000 nil rate band specific to that class of asset.
In order for the RNRB to apply, there must be a qualifying residential property within the estate. In broad terms, this is a residential property in which the deceased has lived at some point in their lives, th
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The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
Millett LJ subdivided types of constructive trust into two categories, distinguishing between:•the constructive trust proper, where equity intervenes to prevent the legal owner from unconscionably denying the beneficial interest of another (known as the institutional constructive trust)•the
Issue estoppel is a sub-species of the res judicata doctrine (see Practice Note: The doctrine of res judicata). In addition to the general key requirements for establishing a res judicata (see Practice Note: Key requirements to establish a res judicata), this Practice Note considers the specific
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