Although they have been part of the employment landscape for some time, zero hours contracts became particularly popular during the recent recession, on the basis that they afforded employers access to a pool of workers, but with a financial commitment that was limited to paying only for work actually carried out. More recently, following the […]
The Summer Budget Finance Bill (the Finance (No. 2) Bill 2015) has now been published and it contains the draft legislation to implement the new Inheritance Tax (IHT) Residence Nil Rate Band (RNRB). So let’s take a look at the detail of what’s involved. The RNRB can only apply in full if a person’s estate […]
A right to break in a lease is often something that is fiercely fought over at heads of terms stage. If the tenant successfully obtains such a right, it should be cherished, since it provides a hugely beneficial flexibility that could be crucial in the future. This flexibility can be useful as a negotiating point, […]
The UK Summer Budget 2015 has brought the most significant reforms in the taxation of non-UK domiciliaries in recent years. However, most of the changes are due to take effect from 6 April 2017, so there will be plenty of time to consider the best course of action if you or your clients are affected. […]
In his Summer 2015 Budget, the Chancellor has extended the scope of Inheritance Tax (IHT) so that more ‘non-doms’ will have to pay IHT on their UK residential property. However, what the Chancellor takes away with one hand, he gives with another! And so, individuals who personally own a UK residence, whether UK domiciled or […]
The first Conservative Government Budget for 19 years will fundamentally change how non-UK domiciliaries (non-doms) are taxed to UK taxes. In this article, we focus on one aspect of the announced changes – the Government’s plan to make more non-doms pay Inheritance Tax on their UK residential property from April 2017, even if it is […]
Most English trusts these days specify a ‘Trust Period’ of no more than 125 years. In practice, this means that someone must have a vested interest in the trust assets (whether that’s vested in possession (i.e. an immediate right to ‘current enjoyment’) or vested in interest (an immediate right to ‘future enjoyment’)) within 125 years. […]
At the annual review of the Leisure Property Forum held at our offices in early February, the view was taken that the market had now reached such a strength in certain areas of Central London that landlords were choosing tenants for unoccupied units, on the basis of what they did and what product they were […]
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