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The recent change in the law relating to pension funds provides novel Inheritance Tax planning opportunities for what is frequently an individual’s second most valuable asset, their pension fund, but to take advantage of the change you need to take action.
Recent events due to coronavirus and the Covid-19 restrictions have greatly impacted the business and commercial world and raise important questions for both landlords and tenants of commercial premises.
The number of people wishing to make a Will during the Coronavirus pandemic has increased by some 75%. This is welcome news against the worrying statistic that 54% of adults in the United Kingdom do not have Wills, potentially leaving their loved ones at risk.
As I explained in my previous update , this is a scheme whereby 80% of a furloughed employee’s salary will be reimbursed by HMRC to the employer. The employer will need to designate the employee as furloughed and input the details into the HMRC portal. This is not yet ready and is unlikely to be so for 6 to 8 weeks. We are told it will be backdated to 1st March. It seems that employers are being advised to take out loans to fund this in the meantime, which is in itself causing problems.
What happens if I cannot fulfil my obligations to my customer or my customer cannot pay me? What happens if my suppliers cannot supply me?
By now we have all worked out how to keep our colleagues, customers, and contacts safe and how to manage employees. I hope the email we sent on 23 March helped.
I am being asked a lot of questions about furlough leave and the government’s Coronavirus Job Retention Scheme which has been announced over the past few days. The purpose of this newsletter is to give you an outline of the information which is available at present, although you will see that some of the details are not yet available. I will be providing a further update later in the week. Please note that this is not to be relied on as advice for specific legal issues, but just an overview.
On 24th of January 2013 Mr Blue and Mr Ashley went to the Horse and Groom public house in Great Portland Street, London. Mr Blue already had a management services agreement with one of Mr Ashley’s companies and at that meeting in the pub he introduced Mr Ashley to three colleagues who wanted to be Sports Direct’s corporate broker….
Whether a property is suitable to be used as a dwelling or not is an important question for Stamp Duty Land Tax (SDLT) purposes. This question will be of importance to…………….
Compulsory registration of land at the Land Registry came into being for the whole country in 1990, and in other areas since 1925, on a sale, and following the introduction of the Land Registration Act 2002 a mortgage of your property will also trigger compulsory registration.
With the average first-time buyer needing £16,000 to buy a property, many first-time buyers are turning to their parents for help with a deposit. If you are in a position to do so, then you need to be aware of the steps you, and your child, can take to protect their interests, and your money.