Month: November 2017

Autumn Budget brings mixed news for investment

In his first Autumn Budget, the Chancellor agreed to double the investment limit of the Enterprise Investment Scheme (EIS), but said the rules surrounding tax relief would be tightened, leaving investors with a combination of changes to consider.

British businesses continue to grapple with late payments

A new study suggests that late payments to small and medium-sized enterprises (SMEs) in the construction sector recently soared to a five-year high.

What do the Budget’s SDLT changes really mean for homebuyers?

Following a bold move in last week’s Budget, first-time buyers will no longer have to pay Stamp Duty Land Tax (SDLT), as long as the home they are purchasing is valued at £300,000 or less.

Family court cases in contention after alleged forensic “tampering”

The Government are looking at the impact of potential forensic toxicology manipulation at two major test result centres, in a case that may have affected thousands of family court proceedings between 2010 and 2014.

Revised forecast suggests more families will be hit by Inheritance Tax

The Office for Budget Responsibility (OBR) has revised its Inheritance Tax (IHT) forecasts in a new report published alongside the Autumn Budget this week.

Government closes stamp duty loophole for divorcing couples

Divorcing partners who were forced to pay the higher rate of Stamp Duty Land Tax (SDLT) when buying a new house may have been given a pass in the Chancellor’s latest financial update, according to a report in the Telegraph.

Rumours that SDLT cut may feature in this week’s Budget

Rumours are mounting that this week’s Budget could see the Chancellor, Philip Hammond, unveil a temporary cut in Stamp Duty Land Tax (SDLT).

Alienating parents could lose access to children under new court guidelines

Mothers and fathers who attempt to turn their kids against the other parent could permanently lose access to their children, under a new scheme currently being trialled by the Children and Family Court Advisory and Support Service (Cafcass).

Brexit may have impact on 140,000 divorcing families, says report

A lack of progress in Brexit negotiations “could leave tens of thousands of families and children in limbo”, according to family charity Resolution.

Electronic Wills consultation fails to address key issues, says ILM

The Institute of Legacy Management (ILM) has voiced concerns that a recent consultation into updating Wills legislation for the digital age has failed to address the “considerable” impact that modern technology is already having on Will-writing.