We are pleased to bring you this Stop Press special edition of In Trust. Our next main issue will be after the Autumn Budget on 30 October 2024 but in the meantime we provide this interim update on the Labour
More about In Trust – What does the new labour government mean for private clients?Some key highlights of legal updates affecting the Private Client industry over the past month are as follows. Tax policy – Autumn Budget On 29 July, Chancellor Rachel Reeves delivered a fiscal update to Parliament in which she announced that
More about Private Client Legal Update – August 2024Please note that this article was published before the non-dom legislation was finalised and brought into force on 6 April 2025. In this “stop press” edition of our Globally Speaking e-bulletin, we provide an update on how the publication of
More about Government clarifies non-dom policy: What do we know now?As we fast approach the date of the General Election and the possibility of new Downing Street residents, we attempt to cut through the political rhetoric and focus on those areas that may be of most concern to our clients
More about 2024 General Election: All change?According to the Law Commission, a predatory marriage is one where a person marries someone, often someone who is elderly or who lacks the mental capacity to marry, as a form of financial abuse. They might, for example, marry an
More about For Better, For Worse: A Cautionary Tale After Langley v QinThe below table summarises the tax policies included within the manifestos of the Conservative Party (published on 11 June 2024) and the Labour Party (published on 13 June 2024). For a more detailed analysis, please see our article “Private Client
More about General Election 2024 tax policy comparison table of the conservative and labour manifestosWhat attracted you to Wedlake Bell? Wedlake Bell has a highly regarded, well established, multi-disciplinary private client offering, covering not only advisory expertise but also residential property, family law and trust disputes capabilities. It is so useful for my clients
More about In Trust profile column – Sanjvee ShahQuestion: As an executor, what can I do to get around the current long delays with obtaining a grant of probate? Despite an improvement to the waiting times for grants to be issued, the current average is still as long
More about In Trust: Ask the expertWhen one of the owners of a joint bank account dies, the funds in the account will usually pass to the other joint owner(s) automatically by survivorship. It is important to be aware, however, that for inheritance tax (“IHT“) purposes,
More about Joint bank accounts – How are the funds treated for IHT purposes?From 2016/17, HM Revenue & Customs (“HMRC“) have not required trustees or personal representatives (“PRs“) to report any income of a trust or estate which is solely savings interest and is less than £500. The trustees or PRs simply pay
More about New tax rules for low-income trusts