Family businesses and ownership structures

View Private Client by content type:

Latest Private Client News

Featured Private Client content

Practice notes
Capital gains tax issues on deathSTOP PRESS: The Office of Tax Simplification published its first report on the review of capital gains tax (CGT) on...
Read More >
19th May
Practice notes
Taxation of age 18–25 trusts—IHTThe special category of age 18–25 trusts was introduced by Finance Act 2006 (FA 2006) to offer some compensation for...
Read More >
Produced in partnership with Paul Davies of Clarke Willmott 19th May
Practice notes
Private Client—Luxembourg—Q&A guideTaxation regimeWhat factors determine tax liability in your jurisdiction (eg domicile, residence or...
Read More >
Produced in partnership with Eric Fort of Arendt & Medernach 19th May
Practice notes
CGT—reliefsFORTHCOMING CHANGE: On 14 July 2020, the Office of Tax Simplification (OTS) published its online survey and a call for evidence to seek...
Read More >
19th May
Practice notes
Beddoe applicationsWhen trustees are engaged in trust litigation, issues often arise as to how their litigation costs are to be funded. A Beddoe...
Read More >
Produced in partnership with Kate Davenport QC of Outer Temple Chambers and Adele Isaacs of Bankside Chambers 19th May
Precedents
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
Read More >
19th May
Precedents
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
Read More >
19th May
Practice notes
Trustees—removal of trusteesA trustee may be removed against their will in any of the following ways:•under an express power in the trust...
Read More >
19th May
Q&As
At what stage and to whom can a Deed of Appropriation take place when selling a second property in an estate?We assume you refer to the situation when...
Read More >
19th May
Practice notes
Creation of trusts—blind trustsWhat is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the...
Read More >
Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 19th May
Practice notes
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
Read More >
19th May
Practice notes
Offshore trusts—offshore income gains (OIGs)Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are...
Read More >
19th May
Practice notes
Statutory Wills—Court of Protection applicationsWhat is a statutory Will?Where a person is incapable of making a valid Will for themselves, the Court...
Read More >
19th May
Precedents
This Deed is made on [date]Parties1[insert name] of [insert address] and [insert name] of [insert address] (the Retiring Trustees) and2[insert name]...
Read More >
19th May
Practice notes
Trustees—power of advancementWhere a beneficiary either:•is a minor (ie under the age of 18) and unmarried or•has attained majority or has married...
Read More >
19th May
Practice notes
Beneficial ownership registers—private clients and trustsCORONAVIRUS (COVID-19): Certain aspects of the PSC regime are affected by temporary measures...
Read More >
19th May

Most recent Family businesses and ownership structures content

Q&As
How should shares in a private limited company be apportioned where the Will provides for equal division between three beneficiaries, but the shares...
Read More >
1st Aug
Q&As
What is the Business Property Relief position with regard to running a business on land owned personally by the sole shareholder?Business Property...
Read More >
Produced in partnership with Ward Hadaway 1st Aug
Q&As
What steps are required in order to transfer a deceased’s share in a limited liability partnership to their heirs?Termination of membershipA person...
Read More >
1st Aug
Q&As
What are the rights of a beneficiary under a discretionary trust in respect of shares held by the trustees?Under a discretionary trust, trustees are...
Read More >
1st Aug
Q&As
Can a trust over policy proceeds be implied when trust documentation was not completed?Case studyWhere shareholders of a private company had an...
Read More >
1st Aug
Practice notes
Employee benefit trusts and inheritance tax considerationsOverview of potential IHT chargesIt is important when establishing or operating an employee...
Read More >
1st Aug
Q&As
Can a private company be incorporated with only redeemable shares as its share capital?Pursuant to the Companies Act 2006 (CA 2006), a limited company...
Read More >
Produced in partnership with Louise Wolfson 1st Aug
Q&As
What issues (tax and non-tax) need to be considered if a majority shareholder wishes to leave their shareholding on a qualifying interest in...
Read More >
1st Aug
Q&As
Can a negligible value claim under section 24(4) of the Taxation of Chargeable Gains Act 1992 be made in respect of an irrecoverable loan from a...
Read More >
1st Aug
Practice notes
Unapproved share optionsWhat are unapproved share options?Share options are rights to acquire shares which can be exercised when certain conditions...
Read More >
1st Aug
Practice notes
Employee ownership trustsWhat is an employee ownership trust?An employee ownership trust (EOT) is a particular type of employee benefit trust (EBT)...
Read More >
Produced in partnership with Stephen Woodhouse of Pett Franklin 31st Jul
Practice notes
Employee benefit trusts—on-shore and offshore trusts and tax implicationsTrustees are generally treated as UK resident if all the trustees are...
Read More >
Produced in partnership with Jeremy Glover (Share Schemes) 31st Jul
Practice notes
What is an employee benefit trust?The EBT as a trustAn employee benefit trust (EBT) is a form of trust. A trust refers to the legal relationship...
Read More >
Produced in partnership with Jeremy Glover (Share Schemes) 31st Jul
Q&As
Can land be held on trust for a partnership by a person who has yet to be admitted as a partner?Partnership propertyA partnership will normally be...
Read More >
Produced in partnership with Lynne Counsell of 9 Stone Buildings 31st Jul
Q&As
Are there any disguised remuneration consequences of leaving shares to an employee under a Will?This Q&A considers whether the provisions set out in...
Read More >
Produced in partnership with Christopher Snell of New Square Chambers 31st Jul

Popular documents