Potentially exempt transfers (PETs) To the extent that a gift is in excess of certain allowances and outside of the exemptions, then no charge to inheritance tax (IHT) will arise at the time of the transfer and the gift will become fully exempt if the donor survives the gift by seven years. For guidance on IHT and in particular PETs, see Practice Notes: • IHT—the charge on death • IHT consequences of lifetime transfers Gift with reservation of benefit (GWR) Under section 102 of the Finance Act 1986, where an individual disposes of any property by way of a gift, it may be treated as subject to a reservation if: • the donee of the property did not take possession of the property and did not enjoy the use of the property at the beginning of the ‘relevant period’,

HM Land Registry guidance on the completion of TR1 forms (Guidance: how to complete form TR1) contains the following guidance in respect of panel 8 of form TR1: 'Enter the amount paid for the property being transferred where shown (first box). If the transfer is to be by way of gift, select the second box. If the transfer is for any other consideration, select the third box and enter the details.' HM Land Registry

I [insert name] of [insert address] born on [insert date of birth] Authorise: • my solicitor [insert name] of [insert

Dispute Resolution analysis: A client who alleged that his solicitors did not protect him effectively against a limitation deadline in respect of a claim against his previous solicitors, who had let his claim against architects expire, suffered no loss in addition to the settlement already negotiated. In reaching this position, the court had to apply the authorities on ‘loss of a chance’ and decide if the second solicitors’ breach of duty prevented the client from negotiating a better outcome. This judgment considers both the requirement on the client to show that he would have made a legal claim if able to, and how the relevant third party, in this case his former solicitors, would have responded. It provides a useful example of how courts might investigate the counterfactual position in such cases. Written by Ian Gascoigne, dispute lawyer, writer, and legal trainer.

A significant consequence that is disproportionate to the change that caused it.

Law360, London: Swiss-based global private equity firm Partners Group said 17 March 2025 that it has agreed to sell Greenlink Interconnector to Baltic Cable AB and London-based infrastructure investor Equitix in a deal that values the subsea electricity interconnector at €1bn.

This Precedent green clause imports climate aligned waste management practices into traditional and design and build construction contracts. This sustainability clause was produced by TCLP as ‘Francis’ clause’

means a change in the state of the climate that can be identified and that persists for [an extended period of time OR decades] and where the change is caused directly or indirectly by (i) human activity that alters the composition of the global atmosphere or (ii) natural processes, including volcanic eruptions and changes of solar cycles. Examples of climate change include major changes in temperature, precipitation or wind patterns as well as changes in the risk of severe weather events occurring.

means the process of adjustment or preparation of natural or human systems to the actual or anticipated climate and its effects in a way that moderates harm or exploits beneficial opportunities.

means the measures taken by [organisation name] [and [name of supply chain partner]] to avoid or to benefit from the actual or anticipated effects of climate change [and to meet the climate change commitments requirements in the [environmental policy]].

HMRC has published draft regulations making amendments to the Climate Change Agreement (CCA) Scheme for consultation.

This Precedent is a due diligence questionnaire that asks potential suppliers to provide information regarding a wide range of climate change-related issues going beyond the standard questions. These sustainability clauses