The 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?Although termed “marriage”, this coercion can apply equally to civil partnerships. As we approach Elder Abuse Awareness Day on Sunday 15 June, we consider what steps can be taken to help avoid such devastating financial abuse. Perpetrators of predatory marriage
More about Predatory marriage: How to safeguard against itThere is also a common misconception that Lasting Powers of Attorney (LPAs) are only necessary for older individuals preparing for conditions like dementia. In reality, LPAs are vital for anyone, regardless of age; Financial LPAs can be used even before
More about Lasting power of attorney: Essential for all agesWelcome to the May 2025 edition of Globally Speaking, our international e-bulletin for private client, family office, and trustee clients and contacts. As the global private wealth landscape continues to evolve, this issue explores the shifting tax, legal, and geopolitical dynamics
More about Globally Speaking May 2025The word “Shari’ah” sparks curiosity and sometimes misconceptions. Shari’ah is a comprehensive system of ethics, law and guidance in Islam. This article focuses on one of these laws: the Islamic law of inheritance, and how to comply with these laws
More about Shari’ah, and an introduction to Islamic inheritance law
On 6 April 2025, significant changes to the UK tax regime for non-UK domiciled individuals (“non-doms“) and future arrivers into the UK took effect. These reforms were initially announced by the Conservative government in March 2024 but were confirmed, extended
More about Reforms to the UK taxation of individuals and their wealth structures: A summary