Usufructs are a common form of ownership in France, Spain, Italy, Germany and other civil law 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
More about Usufructs and UK stamp duty land taxSubstitution first, standing later- a decision of Chief ICC Judge Briggs regarding supporting creditors and substituting as petitioner In an ex tempore judgment in Liberty Commodities Ltd v Citibank NA London & Ors [2023] EWHC 2020 (Ch) Chief ICC Briggs,
More about Liberty Commodities Ltd v CitibankThe government has announced that the legal definition of “treasure” in the Treasure Act 1996 will be expanded. Currently, the definition includes that objects must be “at least 300 years old” and made “from precious metal” but this is set
More about Change to the legal definition of “treasure”: Pearls of wisdom for landownersThe changes to pension allowances announced in the 2023 Spring Budget have presented estate planning opportunities for members of registered private pension schemes. Most significantly, the government proposed to fully abolish the pensions lifetime allowance (“LTA”) from 6 April 2024
More about How the abolition of the pensions lifetime allowance affects your estate planningChancellor Jeremy Hunt announced the following changes to trust taxation in the government’s Spring Budget on 15 March 2023. Trusts with low levels of income With effect from 6 April 2024, it is intended that trusts with total net income
More about Trust taxation: Developments following the Spring BudgetA Lasting Power of Attorney (“LPA”) is a legal document that allows you to appoint a person or persons to manage your affairs, normally in the event of mental incapacity. You can prepare two types of LPA, one for property
More about What is a “business lasting power of attorney”?1. What is it? 1.1 As a share option plan, the EMI offers selected participants the opportunity to purchase shares at a specified time and price agreed at the time the options are granted. 1.2 Individual performance and retention conditions
More about Part 1 – Enterprise management incentive (emi) share option plansKey message despite the uncertainty in connection staging dates, schemes should continue to keep dashboard connection high on their agenda. (1) Overview The grand old Duke of York marched his troops up to the hill and then down again. The
More about Part 4 – Dashboards dashed?