News & Views

Co-habitation- it can make you poorer

Beyond the stark warnings of the recent BBC article  highlighting the challenges faced by unmarried couples in life, they are also at a serious tax disadvantage post death both in terms of how the estate is shared if their partner dies without leaving a Will (they have no automatic claim on assets solely owned by …

Co-habitation- it can make you poorer

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Alliot Group German Circle

Nicole Marmor and Geraldine Fabre part of the firm’s international team recently attended the annual German Circle meeting in Zurich of the Alliott Group of which Sherrards are one of the UK members. This year’s meeting focused on company guarantees and securities but also on the EU Data Protection Regulation which will become law on …

Alliot Group German Circle

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Inheritance tax and the Residence Nil-Rate Band (RNRB)

As we reported in 2015, a new RNRB is being introduced from 6 April 2017. The previous blog goes into detail about how the RNRB will apply to estates, this post will focus on recent developments. The “Residence” The property doesn’t actually have to be the deceased’s main residence or owned for a minimum period. …

Inheritance tax and the Residence Nil-Rate Band (RNRB)

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Permanent Non-Dom Tax Status Abolished – New Deemed Domicile Rules

The dictionary definition of domicile is a place of residence. Legally, broadly speaking, it is an individual’s permanent home. The concept has applications in all areas of law, such as marriage, wills and succession. It is also widely used to determine an individual’s liability to various taxes in the UK. Domicile can be determined in …

Permanent Non-Dom Tax Status Abolished – New Deemed Domicile Rules

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Supreme Court ruling – Ilott v The Blue Cross & Others explained

In July 2015 we reported that the Court of Appeal had increased the amount awarded from the estate of a deceased mother in favour of her disinherited estranged daughter. The Supreme Court has now reversed that decision, reverting to the original County Court award. Mrs Ilott was originally successfully awarded £50,000 in the County Court …

Supreme Court ruling – Ilott v The Blue Cross & Others explained

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Lasting Powers of Attorney (LPAs) for business interests

A business owner may have had the foresight to purchase Key Person Insurance, but this will not assist with the practicalities of running the business if that key person is ill or injured and unable to work or take decisions. For that reason, LPAs are frequently being used by prudent business owners to protect their …

Lasting Powers of Attorney (LPAs) for business interests

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