Background to the TRS The UK Trust Register was introduced as part of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“MLR 2017“). Up until then, there was no central register of trusts
More about The UK Trust Register: How this affects commercial property trustsIn today’s ever-evolving legal landscape, it can be hard for a landowner to keep track of the things they need to know for the effective management of their land. One other thing to add to that ever-growing list is the
More about Untangling the complexities: Profits à prendreWhat is ‘the Order’? The aim of the Groceries Market Investigation (Controlled Land) Order 2010 (“Order“) is to restrict large grocery retailers (“LGR“) from requiring their landlord to enter into restrictive covenants to prevent its land being used by another
More about When competition law meets commercial propertyUsufructs 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 Budget