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A B C D E F G H I J K L M N O P R S T V W Y

Blogs

The Government has issued a press release informing that HM Revenue and Customs (HMRC) has won a landmark tax avoidance case.  

The First-tier Tribunal decision was made against the tax consultancy firm Root2. Root2 operated a tax planning scheme which extracted profits from owner-managed companies as winnings from betting on the stock market. The scheme attempted to ensure that these winnings were tax free and not classed as taxable employment income.

For those whose estates will be subject to inheritance tax (IHT), the introduction of the new Residence Nil Rate Band (RNRB) is very welcome, if a little complicated.  If you haven’t heard of the RNRB, this is how it works:

·         if you own a property which has at some point been your residence; and

·         (in simplistic terms) you leave it to a direct descendant; then

·         your estate will benefit from an additional IHT allowance of £100k.  This will incrementally rise to £175k by April 6 2020

Social media is undoubtedly now very much a part of daily life and as family lawyers we have seen an increase in the influence Twitter, Facebook and Instagram is having on the breakdown of relationships and divorce proceedings.  For those in the sporting public eye this can lead to very personal matters being played out in front of millions of ‘followers’. 

Every autumn, thousands of political enthusiasts cram into conference halls and seaside towns up and down the country in order to hear the latest offerings of their beloved political party. This year was no different, and the speeches of those well-known senior party figures presented some interesting insights into the future of British employment.

You own your NHS dental practice, you love it, you couldn’t bear to leave your wonderful patients and staff, but you wish that you could still get your hands on that NHS pension which you have accrued over the years. So how can you achieve this whilst still remaining in practice? Don’t worry, the dental team at Brabners can help.

For a will to be valid certain tests must be satisfied.  One of the more obvious tests is whether the individual making the will (known as the testator) has the mental capacity to understand the effect of making a will, the property they are disposing of and to comprehend and appreciate the claims to which they should give effect. 

The important final element of that test is that the testator should not have any disorder of the mind that perverts their sense of right or prevents the exercise of their natural faculties.

Suppose that prior to his or her death the deceased signed and delivered a cheque to an individual, but before being cleared the deceased died and as a result his or her bank account was closed. Would the cheque bind the deceased’s estate? The answer would depend on the circumstances, and in particular whether there was a binding agreement between the deceased (or his or her estate) and the intended recipient.  

As the news emerged on Monday morning that Monarch Airlines had gone into administration overnight, just days after rival airline Ryanair announced that a second wave of flight cancellations would affect more than 400,000 people, many of the affected travellers needed information as to the options for recompense available to them.

It was 2008 and Usain Bolt leapt onto our screens along with three other Jamaican teammates to clinch not only a gold medal but also a world record in the 4x100m relay with an impressive time of 37.10 seconds.

Following a three month consultation, the Charity Commission has published updated guidance in relation to reporting serious incidents, to aid charities in reporting appropriate matters as soon as possible, once they have arisen.

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