Blog Archives

Coronavirus: tax relief for the self-employed

Posted on March 25, 2020 by Christopher Wilsher

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?

Posted on March 23, 2020 by Christopher Wilsher

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?

Posted on February 17, 2020 by Christopher Wilsher

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

Posted on January 30, 2020 by Christopher Wilsher

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?

Posted on January 24, 2020 by Christopher Wilsher

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

Posted on November 25, 2019 by Alice Heathfield

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?

Posted on November 12, 2019 by Alice Heathfield

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

Posted on October 28, 2019 by Alice Heathfield

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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A commentary on inheritance tax case, Routier v HMRC

Posted on October 16, 2019 by Alice Heathfield

The Supreme Court today handed down judgment in a rare and important Inheritance Tax (IHT) case which has wide-reaching consequences for taxpayers and charities in the UK, Jersey and worldwide. The Court allowed the appeal by trustees of a Jersey …

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Decrypting a digital world

Posted on October 9, 2019 by Christopher Wilsher

An overview of some of the key areas of interest in relation to cryptoassets, their legal treatment in the UK, and how they should be considered in tax and estate planning.

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