Blog Archives

Coronavirus – Can I create a Will while observing social distancing?

Commentators have argued for decades that the rules governing the preparation and execution of Wills are outdated.  However, the current tests posed by coronavirus are like nothing contemporary legal practice has seen before. The valid execution of Wills is governed …

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Coronavirus: Tax and Estate Planning Tips in the Lockdown

Being optimistic, we have been giving some thought to what positives we can draw from these dark and difficult times. Being at home for an extended period and having more time provides an opportunity to get on with the tasks …

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Coronavirus: tax relief for the self-employed

Pressure is increasing on the government to announce more help for the self-employed, who make up a significant part of the country’s economy.  Around 5 million people have been attracted to this way of working, which has given them flexibility …

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Coronavirus – Can you create a Will while self-isolating?

We have suggested six steps for how you can still think about your wills and estate planning in the current climate. (1) Use the time to think about your affairs The present circumstances may actually provide you with more time …

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Are you ready for changes to Capital Gains Tax rules?

In July 2019, the government announced plans to make a number of changes to capital gains tax (CGT) principal private residence relief (PPR). PPR is the relief that exempts homeowners from paying CGT on their main residence. The proposed changes …

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Entrepreneurs Relief Reform

The Conservative Party committed itself to “review and reform” Entrepreneurs Relief in its 2019 General Election manifesto. The Conservatives further stated that it has not “fully delivered on [its] objectives” and so, with the Conservatives having been returned to government …

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How are your cryptoassets taxed?

Cryptocurrency has been firmly brought under Benjamin Franklin’s two certainties of life as HMRC published a revised guidance on cryptoassets on 20 December 2019. It came in the form of two documents ‘Cryptoassets: tax for individuals’; and ‘Cryptoassets: tax for …

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General Election: party manifestos confirm coming CGT Entrepreneurs Relief changes

All parties have now published their election manifestos.  Each contains proposals which would affect business owners and entrepreneurs. I previously predicted that altering or abolishing CGT Entrepreneurs Relief would be fairly low-risk for an incoming Chancellor of the Exchequer.  It …

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What happens if a will is found after an estate has already been divided?

What happens if, years after a relation has died and their estate has been distributed, a new Will with different beneficiaries is found? In a recently publicised case involving 9,000 wills stored by Lloyds Bank, Lloyds has promised to compensate those …

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Tax and Estate Planning team continues strong growth with new Partner hire

Leading Private Wealth law firm, Collyer Bristow, has appointed Tulin Hamit as a Partner in the Tax and Estate Planning team. Tulin is dual-qualified in the UK and Turkey and joins the firm from RadcliffesLeBrasseur. Her appointment is effective as …

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