Amendments made to the International Tax Compliance Regulations 2025 have resulted in a new mandatory registration requirement for trusts that are defined as “financial institutions” (FI) or “trustee-documented trusts” (TDT) for international tax information exchange purposes, with existing affected trusts
More about Trust compliance update: new HMRC mandatory registration rulesThe Chancellor, Rachel Reeves, used her highly anticipated Budget on 26 November 2025 to announce that the £1 million allowance for agricultural property relief (APR) and business property relief (BPR) will be transferable between spouses and civil partners with effect
More about Budget 2025: Chancellor announces transferability of agricultural property relief and business property reliefWhile perhaps not as bad as was feared, the announcements confirmed today, from the “high value council tax surcharge” to income tax rate hikes for property, dividend and savings income, will shape decisions for families, trustees, and investors over the
More about Budget 2025: an end to the speculationTo view this service offering as a pdf, please click here. Effectively tackling the issue of sexual harassment in the workplace has never been more important. For years, many employers have believed that a generic policy was sufficient. However, following
More about Sexual harassment in the workplace: protecting your people, culture, and reputationIt may surprise some that lawyers are regularly asked this question. The 1930s marketing campaign from De Beers suggested it was appropriate to spend a single month’s salary on an engagement ring – but this is long outdated. Engagement rings
More about Diamonds are forever…With the UK facing economic headwinds and political recalibration, all eyes are on Chancellor Rachel Reeves as she prepares to deliver the Autumn Budget on 26 November 2025. Her pre-Budget statement this week, referencing “necessary choices,” has further fuelled speculation
More about In Trust – November 2025With the UK facing a fiscal shortfall estimated at between £25 and £30 billion, the government is under pressure to raise revenue through tax rises and spending cuts. Reeves’ reference to “necessary choices” in her unprecedented pre-Budget statement on 4
More about Autumn Budget 2025: speculation mounts over personal tax reformsWhilst further regulations are eagerly awaited to bring the Act into force, it is vital that landlords are prepared for the changes. To assist landlords, we’ve outlined the key changes in the summary below. Existing tenancy agreements and new tenancy
More about Renters’ Rights Act 2025 – what landlords need to knowA new threshold for BPR From April, 100% BPR relief will be capped at £1 million. Any qualifying assets above this threshold will receive only 50% relief, resulting in an effective IHT rate of 20% on the excess. This will
More about Business Property Relief restrictions – Inheritance Tax planning with art and heritage assetsHOT – Heads of Terms / LOI – Letter of Intent / Offer Letter Often referred to by different names, this document sets out the key terms of the deal before it is actually formally signed, including price and the
More about Understanding some of the key language (and documents) used in M&A transactions