From 6 April 2013, a statutory residence test has applied in the UK. The test determines liability to UK income tax, capital gains tax and (in some cases) inheritance tax for those coming to, or leaving, the UK. Individuals who
More about The UK statutory residence testKey takeaways: Why are we seeing a mass sell off by the government and local authorities? There are currently two major reasons we are seeing public bodies sell off their land. For starters, the government recently called time on the
More about Buying land from a government body or local authority? Make sure to find out how they acquired itThe High Court has issued two recent judgments concerning the restructuring of pension schemes utilising the relevant powers of amendment, particularly the effect of restrictions/fetters on those powers. AVON COSMETICS LTD V DALRIADA TRUSTEE LTD – High Court, 17
More about Part 5 – Revising scheme benefit structures – High court examines underpinsWedlake Bell LLP is a central London law firm whose history goes back over 230 years. It has 75 partners and is one of the top 100 firms in the UK on turnover. The firm welcomes the opportunity to respond
More about Justice committee – Probate service – Wedlake Bell consultation responseWedlake Bell LLP acted for the successful claimant in the case of Fraser v Khawaja [2023] EWHC 3143 (Ch). The facts of the case were complex and detailed, involving a significant amount of documentary evidence. However, after a 2 day
More about Fraser v Khawaja: An Elaborate Yet Failed Attempt At Will FraudFrom 6 April 2024 New Allowances replace the LTA regime. Simple enough, but applying the new Allowances and the interaction with any benefits taken pre – 6 April 2006 is complex. Previous Pensions Compass articles: click here “Dismantling the Lifetime
More about Part 1 – Don’t forget 6 April 2024 – New allowances replace the lifetime allowance (lta)Background The Department for Work and Pensions recently published the government’s response to its consultation on the defined benefit (“DB”) funding and investment regulations, alongside a revised draft of the Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations
More about Part 2 – Funding and investment amendment regulations: Worth the wait?The Pensions Regulator (TPR) has recently published the final version of the long awaited General Code of Practice (the General Code). We recently published an article setting out the main features of the General Code and referring to some of
More about Part 3 – TPR’s general code of practice – Key highlights and action points for trustees