What is “surplus income”? Surplus income is what is left over after deducting an individual’s normal expenditure from their annual after tax income. Normal expenditure is very specific to an individual’s circumstances; ‘normal’ is what is standard and habitual for
More about Unlocking the power of gifts out of surplus incomeWhilst there was historically a view that the mother is the primary carer of any child(ren) there has been a shift in the way cases are dealt with in the Family Court. Jen Ball, senior associate in the family team
More about 50/50 shared care
This article will help you understand your rights, responsibilities, and the process ahead. Do I have to make an application for permission to relocate internationally? If agreement can be reached between you and the parent to be left behind that
More about Relocating with a child internationallyThere now follows an eight week technical consultation period closing on 15 September 2025. Subject to any consequential amendments to the draft legislation, the changes to APR and BPR will take effect from 6 April 2026, and will have wide-reaching implications
More about Finance Bill 2025/2026: Government confirms Agricultural Property Relief (APR) and Business Property Relief (BPR) reforms effective from April 2026
As we move into the second half of the year, the UK’s private wealth landscape remains in flux. With a potential watering down of the “non-dom” tax reforms being quietly floated due to concerns over a potential shortfall in public
More about Globally Speaking July 2025The 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?Heirs in Islamic law are divided into three principal classes which are described below. Qur’anic heirs (Ashabul-Furud) Qur’anic heirs are also called “sharers” and this is the first class of “shareholders” in relation to inherited assets. These heirs possess the
More about Heirs in Islamic lawResponsible wealth stewardship reflects a growing awareness that wealth must be managed not only with care, but with conscience. In a world shaped by economic inequality, environmental urgency, and shifting generational values, how wealth is used — and by whom
More about Responsible wealth stewardship: Protecting wealth with purposeAs we move further into the 2025/26 tax year, this edition focuses on the importance of forward planning — particularly in light of the government’s proposed inheritance tax reforms in respect of agricultural property relief (“APR”) and business property relief
More about In Trust – June 2025Given the legislation upon which we currently rely is almost two hundred years old, some might say reform is long overdue, however, are we ready for change? Many of the recommendations contained in the report are welcome; adopting gender neutral
More about Modernising wills law: Are we ready for change?