The purpose of this brief article is to summarise the new relief available for Inheritance Tax (IHT) that was introduced in last year’s summer’s budget. This relief is to be known as the “main residence nil rate band” and the good news is that it is to operate alongside the current “nil rate bands” that
The Court considers a number of factors when deciding the Orders that need to be made in respect of finances.The Court has regard to all the circumstances of the case, placing priority on the welfare of any children of the family under the age of 18. The Court takes into account numerous factors when dividing
The popularity of Airbnb as an alternative to hotel rooms has seen a rapid rise in leaseholders making rooms or whole flats available to holidaymakers and others. It is increasingly seen as a business opportunity, especially where rents can be three times or more than an ordinary let. It has also lead to some City
1. Why should I extend my lease? A residential lease allows a leaseholder to occupy a property for a fixed period of time, often initially for 99 or 120 years. Every day that time gets shorter and could ultimately require the leaseholder to hand back the property to the freeholder. A problem more regularly encountered
People planning to get married or enter a civil partnership often decide to enter into an agreement that shows what they intend to happen to their money and property if the marriage or civil partnership were to end. This is called a pre-nup. The main question that I find most people want to know about
Cohabitants are treated differently from married couples, in particular when it comes to their property rights, their rights in relation to children and their rights on death. The Family Law Act defines cohabitants as two people who are neither married to each other nor civil partners of each other but are living together as husband
