April 2018 Archive

An Expensive Obligation: reasonable endeavours as soon as reasonably practicable

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In the recent High Court case of Gaia v Abbeygate, a developer was found not to have made reasonable endeavours to fulfil conditions of a contract as soon as reasonably practicable. More …

Maintenance is not a "meal ticket for life"

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In a recent case heard by the Court of Appeal, involving a multi-millionaire couple; the Court provided a clear approach for the treatment of earning capacity and the term of spousal maintenance in financial remedy proceedings. More …

SDLT First Time Buyers’ Relief

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Starting from the day of the Budget on 22 November 2017 relief from Stamp Duty Land Tax (SDLT) is available for first-time buyers paying up to £500,000 for a residential property within England, Wales and Northern Ireland completing on or after Budget Day. More …

Must employers consider bumping in a redundancy situation?

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Carrying out redundancies fairly is crucial to avoid the risk of costly litigation. A recent EAT decision about "bumping" is a useful reminder to employers that, depending on the circumstances, employers should consider whether or not to bump another employee whose position is not redundant as part of a fair redundancy process. More …

Commercial agents and software – back to where we were

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In this case, Computer Associates UK Ltd ("the Principal") and The Software Incubator Ltd ("the Agent") entered into an agency agreement under which the Agent promoted and sold the Principal's software product to large institutions in the financial services industry in the UK and Ireland. More …

EMI Options: State Aid Approval Expires

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Clients should note that on 6 April 2018 EU State Aid approval for the EMI scheme expires. The effect is that share options granted in the period from 7 April 2018 until EU State Aid approval is received may not be eligible for the tax advantages currently enjoyed by EMI schemes. More …

ATED: Returns are now due

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The window for the submission of this year's Annual Tax on Enveloped Dwellings (ATED) returns is now open. If you own a property above a certain value by way of a company, you should consider whether you need to file a return. The deadline for most properties will be by the end of April 2018. More …

ISAs – not so boring after all!

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It is fair to say that most people have an ISA. Why wouldn't you? It's a straightforward, usually low-risk way of investing your money. ISAs are a good first step to saving as they are simple to manage and have tax benefits. More …

Residential Service Charge Checklist Prior to Issue

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When you have a leaseholder who doesn’t pay the obvious thing to do would be to send them a legal letter (letter before action) with the demand and request payment. More …