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Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
Tax is rarely at the forefront of people’s minds at the end of a relationship. However, the breakdown of a relationship offers some tax planning opportunities which can reduce the tax payable on transfers of assets made as part of a divorce settlement and can affect how the settlement is structured.
If there is a word that captures the post-Brexit world, it is uncertainty. No-one likes the u-word. However, as the big day approaches and a Brexit becomes a real possibility, there is at least one area in the succession field that would become clearer if we leave the EU: whether the UK is a member state or a third state under the EU Succession Regulation (ESR).
Press reports of this week’s Anti-Corruption Summit, hosted by David Cameron, coincided with the story of actress Emma Watson allegedly buying a UK property through a BVI company. While investment in UK property through offshore companies is perceived as a principal means by which corrupt individuals seek to launder dirty money, Mr Cameron accepts that there are many legitimate reasons for corporate property investment.
George Osborne delivered his eighth Budget as Chancellor yesterday.
Below are some of the key announcements affecting individuals.
Over the past decade, the UK government has legalised same-sex civil partnerships and most recently same-sex marriages. Legislation provides that same-sex couples who are married or in civil partnerships shall be treated the same as married heterosexual couples. For example, they are entitled to receive the same inheritance tax benefits, such as the spousal exemption, which exists between a married heterosexual couple.
Jemma Brimblecombe
Charles Richardson
Oliver Oldman
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