12 April 2024 Insight Commentary on Savage v Savage – “More like guidelines than actual rules” The Court of Appeal recently handed down judgment in Savage v Savage, a case concerning the factors to be considered by a Court when deciding whether to grant an Order under s.14 of the Trusts of Land and Appointment of Trustees Act 1996. Bookmark this page 4 min read
5 April 2024 Insight Private Residence Relief – a brief summary Angela Rayner has been in the news again recently, with questions persisting over whether she correctly declared capital gains tax on the sale of her house in 2015. Bookmark this page 3 min read
26 March 2024 Insight Spring Budget: How does it impact trusts and property? On 6th March 2024, the chancellor Jeremy Hunt’s Spring Budget featured tax changes of interest to trusts which hold property investments. Bookmark this page 2 min read
22 March 2024 Insight A letter to the 12th Duke of Halstead on his estate planning The Gentlemen, Guy Ritchie’s hit new Netflix series, sees the 13th Duke of Halstead inherit his father’s estate, only to discover that he's actually inherited a criminal empire. The family’s lawyer is seemingly unaware of the concept of inheritance tax and it appears that the deceased Duke would've benefitted from some better estate planning advice before his death. In this tongue and cheek letter to the late Duke, Alison Chaloner considers the advice she would've given had he instructed the Mills & Reeve private client team before his death. Bookmark this page 5 min read
21 March 2024 Insight Wands at the ready: the battle for Gambon’s legacy This article considers the application of the Inheritance (Provision for Family and Dependants) Act 1975 in circumstances where Philippa Hart has reportedly been left out of the will of her partner and the father of her children, the late Sir Michael Gambon. She will inherit nothing of his £1.5 million estate and may want to rely on the 1975 Act to seek reasonable financial provision for herself and/or her children. Bookmark this page 5 min read
21 March 2024 Insight Supporting business owners – a holistic approach to legal services It's important for those who advise, own and/or run businesses to recognise that a consistent and joined up approach is required to both business and personal planning. Bookmark this page 1 min read
15 March 2024 Insight Spring Budget: reduction in capital gains tax rates Jeremy Hunt announced in the Spring Budget 2024 that the government will reduce the higher rate of Capital Gains Tax due on sales of residential property from 28% to 24% from 6 April 2024. Bookmark this page 3 min read
8 March 2024 Insight Spring Budget Spring Budget: Grants on credit Hidden on page 77 of the Spring Budget 2024, is an interesting change to the requirements for a grant on credit that we explore in this article. Bookmark this page 3 min read