Despite them feeling like one of the family, under English law, pets are legally classified as chattels i.e. they are deemed items of property. In the eyes of the law, your beloved dog or cat is therefore treated much like
More about Bone of contentionThe tax implications vary greatly between personal and corporate ownership, affecting everything from stamp duty land tax (“SDLT“) on purchase, tax on disposal, and inheritance tax (“IHT“) typically chargeable on death. Understanding these differences is crucial for making an informed
More about UK property ownership: Personal vs corporate ownership – what is the tax impact?Please note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. How are the Inheritance tax (“IHT”) rules changing? The Labour government confirmed in its Autumn Budget on 30 October
More about Non-dom reforms: The inheritance tax need-to-knowsHow are the IHT rules changing? In the Spring Budget on 6 March 2024, the Conservative government proposed a residence-based test for IHT – as opposed to one based on domicile – which arguably provides greater clarity for those trying
More about Non-dom analysis: Inheritance tax (“IHT”)The Building Safety Act 2022 (“BSA”) was introduced following the Grenfell Tower fire in 2017 and imposes new legal obligations on landlords of affected buildings to make those buildings safe. This includes replacing dangerous cladding and fixing historical safety defects.
More about The Building Safety Act: Impact on executors, trustees and attorneysAt an increasing rate, trustees are finding themselves in a position where they are entrusted with administering trust funds that comprise (directly or indirectly, via underlying companies) luxury assets, such as high value artwork. The reasons for such assets being
More about The art of being a trustee: Holistic decision-making