Private Client Issues - December 2016
Welcome to this month's edition of Private Client Issues, Blake Morgan's monthly round-up of the topics you may find of interest.
The Autumn Statement 2016: What this means for private clients
The 2016 Autumn Statement saw the Chancellor mostly reaffirm measures previously announced in the last budget. Although it didn’t cause many waves itself, there is a lot for individuals to keep looking out for. Blake Morgan looks at what we learnt from Mr Hammond's first statement and what our private clients need to be aware of.
A sobering surrogacy judgment
A recent surrogacy consent judgment serves as a reminder of the potential problems of entering into a surrogacy arrangement, since they are not legally binding. The case documents how parental responsibility lies with the surrogate parents until a parental order is made by the commissioning parents. We look at the details of the case and the pitfalls you need to be aware of.
Making gifts under a Power of Attorney
With Christmas fast approaching, how should an attorney tackle gift giving? The average consumer in the UK spends £489.04 on Christmas gifts. Blake Morgan explores what this means to an attorney acting under a Power of Attorney, the issues to consider and how much you are allowed to give.
HMRC releases revised guidance on the 3% SDLT surcharge
On 29 November 2016, HMRC published a revised Guidance Note on the 3% SDLT surcharge, but does the new Guidance now clarify how the rules impact granny annexes, lease extensions and main residence exemptions? We look more closely at the revisions and the effect they might have.
If you are impacted by any of the above topics or you would like further information on how we can help you, please contact your usual Blake Morgan adviser.
We would like to send you our warmest wishes for the festive season along with a happy and prosperous New Year from all at Blake Morgan.