Key pointThe proposed new tax regime replacing the LTA at breakneck speed from 6 April 2024 is very risky for all parties including trustees, administrators, members and indeed HMRC itself. Our main concerns are reflected in these Q and As:
More about Part 3 – Dismantling the lifetime allowance (“lta”)On 10th July 2023, the Chancellor made a series of announcements in his Mansion House speech that may potentially have significant implications on both DB and DC pensions. We first reported on the Chancellor’s speech here. The Mansion House Reforms
More about Part 4 – Mansion House reforms: Grand designs but jury outThe rising popularity of auctions Amidst a turbulent property market and unfavourable mortgage rates, transacting with speed and certainty is ever more attractive to commercial sellers – a package offered more readily by the auction process. With contracts exchanged on
More about Auctions: How to get over the risks of being under the hammerIn August 2023, the government finally published the secondary legislation that will bring the design and construction requirements of the higher-risk building (“HRB“) regime under the Building Safety Act 2022 into force, on 1 October 2023. This is the date
More about Building Safety Act – Are you ready for 1 October?As part of building safety measures following the Grenfell Tower tragedy, the government confirmed their intention on 24 July 2023 for all new residential buildings in England over 18 metres in height to have a second staircase, rather than the
More about Building safety and second staircasesAs the register of overseas entities (“ROE“) marks its one-year anniversary, the overseas entities (“OEs“) on the register must prepare for the first annual update, if they have not done so already. The updating duty is the annual obligation to
More about Register of overseas entities – The duty to updateAs with any easement, a right to light benefits one parcel of land, whilst burdening another. Most of the time, a right to light can be enjoyed by the benefitting landowner without them realising they have such a right. However,
More about Rights to light: Show me the money!Top up payment or overage overview Where a seller wishes to share in any potential increase in the market value of the land the seller has sold, the parties often agree an overage payment from the buyer. This is the
More about The buyer of my land agreed to a top up payment. I think the trigger event was activated – Why haven’t I seen a penny?