The 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?The recent case of Armstrong v Secretary of State for Levelling Up, Housing and Communities [2023] EWHC 176 (Admin) has further clarified the scope of section 73 applications, rejecting the notion that they can only be used to secure ‘minor
More about A reminder of the scope of section 73 applicationsPerplexed by property law? Our Professional Support Lawyer Gemma Cook is here to answer your most pressing questions. I am a tenant of office premises. I no longer need the office space for my own business purposes and given the
More about Can I re-purpose my premises?The National Security and Investment Act 2021 (“NSI Act”) gives the UK government the power to scrutinise, impose conditions and, in rare cases, block acquisitions of properties and/or companies in the UK on national security grounds. The NSI Act came
More about Can the government block your property acquisition?