March 2019 Archive

How has the Franses case affected the Landlord and Tenant Act?

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We look at a decision that affects landlords and tenants and works carried out. Much greater emphasis will now need to be placed by those advising landlords to demonstrate unconditional intentions in carrying out their works. More …

Bank of Mum and Dad: University Purchase

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Our experts take a look at issues arising where parents buy a property whilst a child of the family is at university. Stamp duty land tax, income tax, capital gains tax and inheritance tax are considered for various ownership structures, including trust arrangements. More …

Investors' Relief - available from 6 April

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Investors' Relief has languished below the radar for the last 3 years, but 6 April 2019 is the date from which the earliest qualifying periods for holding shares which may be eligible for Investors Relief, come to an end. More …

Senior Managers Regime: FCA Publishes Final Guidance

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The deadline for the extended SM&CR regime is fast approaching! All firms will be required to have fully implemented the new regime by 9 December 2019. More …

FOS: Changes to Limits and Eligibility – Are you Ready?

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The Financial Conduct Authority (FCA) has confirmed that it intends to go ahead with its proposals to increase the Financial Ombudsman Service (FOS) award limit and extend the definition of an eligible complainant to include larger SMEs. More …

Bank of Mum and Dad: Concessionary Purchases

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Occasionally Mum and Dad own a family home which could be transferred to a son or daughter when Mum and Dad downsize. In these situations it is not uncommon for the parents to agree to transfer the property at undervalue, with the rest of the value effectively being a gift. More …

The 2019 Loan Charge - Don't be caught out!

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With just on a month to go until the one-off tax charge on disguised remuneration loans comes into effect, there is no sign that HMRC is backing off introducing the measure, or that the concern being stated in many corners, including the House of Lords, is going to be effective in stopping the implementation of the charge. More …

The commonhold revolution

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In December 2018 the Law Commission published a Consultation Paper on commonhold reform: "Reinvigorating commonhold: the alternative to leasehold ownership." We examine in more detail. More …

How your attorney may be able to deal with more than just your own affairs

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When granting someone a power of attorney you are giving them the right to deal with your own affairs. However the recent case of Whittaker v Hancock and others [2018] shows that in certain circumstances where you lose capacity your attorney may also be able to substitute you and act as a personal representative for someone else's estate. More …

London Blockchain Week – What's new in 2019?

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Last month we saw Blockchain Week return to London. The 2018 edition had been dominated by much media fanfare given the surging value of cryptocurrencies and flood of ICO (Initial Coin Offering) fundraising and investing. It is fair to say that a lot has changed in the last 12 months. More …