Precedents covering the most common scenarios in this area. Drafting notes accompany each clause - incorporating the latest developments like Will drafting considerations for inheritance tax residence nil rate band.
Our Court of Protection topic covers both property and finance, and health and welfare Court of Protection applications. It’s geared at both the Court of Protection specialist practitioner and the occasional user.
Topics include beneficial ownership transparency, the Money Laundering Regulations, the Trust Registration Service, obligations relating to data protection and GDPR and offences under the Bribery Act 2010.
When private clients ask questions, they expect answers quickly. But, working across lots of areas day to day, it’s impossible to hold it all in your head. We’ll help you cross-referencing several different sources.
HMRC has revised its guidance on capital gains tax (CGT) for cryptoassets, enforceable from 13 January 2025, to provide clarity regarding the use of...
Tax analysis: In Bridgecom, the Upper Tribunal (UT) dismissed Bridgecom International Ltd’s (BIL’s) appeal against an adverse costs decision of the...
Restructuring & Insolvency analysis: A transaction may be impugned under section 423 of the Insolvency Act 1986 (IA 1986) if it was done for the...
This week’s edition of Private Client highlights includes: (1) the Ministry of Justice’s new factsheet on applying for payment out of a fund following...
Private Client analysis: Julie Butler, founding director of Butler & Co Alresford Ltd, considers how the changes announced at Autumn Budget 2024 on 30...
UK employment tax issues for cross-border employmentFORTHCOMING CHANGE: At Autumn Budget 2024, the Labour government confirmed that it will proceed...
Royalties articles in double tax treatiesArticle 12 of the OECD model tax convention (MTC) is concerned with the taxation of royalties paid...
Defined benefit pensions issues for charitiesFORTHCOMING DEVELOPMENT: In its consultation paper published on 12 September 2024, the PPF proposes:• a...
Brexit—implications for data protection [Archived]ARCHIVED: This archived Practice Note provides information on the Data Protection, Privacy and...
Data protection principlesThis Practice Note covers the principles for handling personal data that form the core of the United Kingdom General Data...
Disclosable cross-border tax arrangements—DAC 6—training materials [Archived]ARCHIVED: These Training Materials have been archived and are not...
Will (Scotland)—Legacy to charity (10% of baseline amount), legacy of house with cash option, residue to number of individuals or to survivors or...
Will (Scotland)—Liferent of dwelling house, residue to spouse, whom failing number of individuals in differing shares (amalgamation pro rata if...
Will (Scotland)—to spouse, whom failing children, simple powersFORTHCOMING CHANGE: Abolition of non-dom regime and introduction of residence-based IHT...
Will (Scotland)—Nil Rate Band Discretionary Trust, residue to spouse, whom failing issue, accounting for advances clauseFORTHCOMING CHANGE: Abolition...
Death in service benefitsOverview of the types of death in service benefits and their tax treatmentThere are three types of death in service...
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
Lifetime giftsA lifetime gift is a gratuitous transfer of ownership of any property between living persons and not made in expectation of death. In...
Exemptions and reliefs from income taxFor income tax rates and allowances applicable in the current tax year, see Practice Note: Key UK tax rates,...
Payment of legaciesIdentification of beneficial interestsThe personal representatives (PRs) of an estate must identify:•the beneficiary or...
Liferent trusts—ScotlandLiferent trustsA liferent trust (or trust liferent) is a trust which, when settled, confers a use and income benefit, or both,...
Notaries and notarisation—notarisationThe principles of the notarial act are that it is:•an act of the notary and not of the parties named in the...
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
Benevolent fundsFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and will be implemented on a staggered...
Creation of trusts—life insurance trustsDefining life insurance trustsA life insurance trust usually involves either:•an assignment of an insurance...
CGT—PPR relief for UK residents with overseas dwellings and non-UK residents with UK dwellingsPrincipal private residence relief (PPR relief) exempts...
Calculating the IHT charge on deathThis Practice Note outlines how to calculate the amount of inheritance tax (IHT) that arises on an individual’s...
ProtectorsWhat is a protector?A protector is a person who holds powers under a trust but who is not a trustee. A protector is a person who is...
The Cy-près doctrineFORTHCOMING CHANGE: The Charities Act 2022 (CA 2022) received Royal Assent on 24 February 2022 and will be implemented on a...
Perpetuities and accumulationsThe rules relating to perpetuities and accumulations stem from the common law and the provisions in the Perpetuities and...
A pre-6 April 2006 scheme that falls outside the scope of HMRC tax approval for retirement benefit schemes. Funded unapproved retirement benefits scheme in existence on 6 April 2006 became employer financed retirement benefit schemes.
The representation'>grant of representation obtained by the representative'>personal representative of a deceased person's estate, where the deceased did not appoint an executor in their Will (or where the appointed executor is unable or unwilling to act).
A non-UK life insurance policy.