Family Investment Companies Briefing

Philanthropy is much discussed these days. It’s not a word that I’m particularly keen on because it perhaps suggests that charitable giving is limited to the likes of David Harding, who it was recently reported gave £100 million to Cambridge University, brilliant though that is. It’s a grand word, giving the impression that acts of philanthropy are only possible for the super-rich, rather than the majority.

The Budget of 22 November 2017 served up one SDLT surprise, by resurrecting an SDLT relief for first time buyers. As usual with SDLT legislation, the relief is technically quite complex – and full of traps for the unwary.