Budget 2020 saw amendments to Entrepreneurs' Relief (ER), which were widely expected. ER reduces the rate of capital gains tax (CGT) on disposals of certain business assets from 20% to 10%, subject to a lifetime limit. Before the Budget the lifetime limit
Any lawyer will tell you that it is always sensible to have a will.
Thomson Snell & Passmore has responded to the Law Commission’s consultation on the law of wills.
Q. We want to help our 20 year old daughter buy her first flat, but we’re worried about putting such a valuable asset directly in her name. Is there anything we can do to protect the property until she’s a bit older?
P was involved in a road traffic accident in 2001 when she was just six years old. As a result of the accident, P suffered a severe brain injury.
P made a remarkable recovery from her injuries, but has been left with some cognitive deficits. She struggles with organisation, budgeting and planning. She can be very impulsive and disinhibited. She also suffers from fatigue.
The decision of Mr Justice Charles in the case of Staffordshire County Council v SRK [2016] EWCOP 27 has impacted on the practices and responsibilities of professional Deputies in cases where there is a substantial and privately funded care regime. This article addresses the key facts and the impact this will have on deputies and the Court.
It is increasingly difficult to save for a deposit whilst paying rent and outgoings on a rented property. Lenders are now far more cautious about how much they will lend and who they will lend it to. As a result parents are regularly stepping in to help out their children to purchase a property.
Desmond O'Donnell, senior associate from our family department and Stuart Price, solicitor from our private client department speak with Spear's about pre-nuptial agreements for wealthy families.
Owner-managed businesses : tax-efficient wills for company directors
Giving away shares in the family company
Mark Politz, Partner and chartered tax adviser in the private client team at Thomson Snell & Passmore considers some of the issues that arise when gifting money between friends and family.
We are pleased to receive, for another year, the accolade from eprivateclient of being listed as one of the Top 25 Law Firms in the UK.
We answer frequently asked questions regarding the Rehabilitation Code including it's purpose along with what the code states and how to code will help someone with a brain injury.
Leading South East law firm Thomson Snell & Passmore is delighted to announce their Court Of Protection team has been awarded The Legal 500 UK 2015 firm of the year.
Leading South East law firm Thomson Snell & Passmore is delighted to announce their Court Of Protection team has been awarded 'Firm of the Year' by The Legal 500 UK 2015 for their specialist work in this area. The team are unique as they are top ranked nationally by both The Legal 500 and Chambers UK directories, and have been for the last few years.
