On 27 February 2025, HM Revenue & Customs released a consultation (“Consultation“) on the reforms to inheritance tax (“IHT“), business property relief (“BPR“) and agricultural property relief (“APR“) that the Chancellor Rachel Reeves had originally proposed in the Autumn 2024 Budget
More about Government confirms IHT reforms: What farmers and business owners need to knowUsufructs are a common form of ownership in many countries. They allow a person to occupy a property and receive income, usually for their lifetime. Another person has a right to receive the property after the first interest ends. Names
More about New development – First decision involving usufructs and inheritance taxIn Invest Bank PSC v El-Husseini and others [2023] EWCA Civ 555 the Court of Appeal rejected a narrow interpretation of s 423 Insolvency Act 1986 that would have restricted the ability of a victim to obtain relief in cases
More about El-Husseini v Invest Bank PSC UKSCIn England and Wales, in line with most common law jurisdictions, there is testamentary freedom. Put simply, this means that a testator can leave their worldly assets to whomever they want. In the coming decades, it is predicted that there
More about How easy is it to disinherit your children?Supermarkets, sushi, deceit, zoos – our Landlord and Tenant Case law update podcast has it all. Whether you own or manage a commercial space, or are occupying as a tenant, our quick listen covers three important case examples where parities
More about Real Estate Podcast – Second bite of the cherryThe main aim of the Terminally Ill Adults (End of Life) Bill is to allow adults aged 18 and over, who have mental capacity and are terminally ill in the final six months of their life, to request assistance from
More about The terminally ill adults (end of life) bill 2024-25Welcome to the latest edition of In Trust. In this edition, we take a look at some key updates affecting private clients and their estate planning. The Autumn Budget 2024 included important announcements that will shape the economy in the
More about In Trust February 2025The start of a new year is the perfect opportunity to review your financial planning and ensure that it aligns with your long-term goals. It is particularly important to review your financial affairs this year in light of the significant
More about Tax planning tips for 2025With the almost staggering possibility of US trade tariffs on the horizon, many UK technology businesses may face a range of challenges. The impact will depend on several factors, including the type of technology products which are the subject of
More about What could US trade tariffs mean for UK technology businesses?In our second Business of Succession interview, Employment Partner Stephen Ravenscroft shares his expertise on the employment law aspects that founders need to consider when taking investment or selling up. Join us as we uncover the critical factors that can
More about The Business of Succession podcast – Episode 2