Month: July 2022
Trustees – don’t miss your trust registration deadline
In 2017, the Trust Registration Service (TRS) was established to register trusts for both tax and Anti-Money Laundering (AML) purposes. At first, trusts only needed to be registered if they were liable to pay tax – for example, Capital Gains Tax, Stamp Duty Land Tax, Income Tax or any other kind ....
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What counts as a ‘contribution’ in divorce proceedings?
When it comes to your divorce, it is natural that you will want your contributions to the marriage to be recognised and reflected in your eventual settlement. In UK divorce law, ‘contributions’ will include both: Financial contributions – for example, salary, rent or mortgage payments, bil....
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The Bank of Mum and Dad: Protecting family loans during divorce
The phrase ‘Bank of Mum and Dad’ – sometimes shorted to BoMaD – has become commonplace in the media to refer to the growing practice of family lending – whether to help a child onto the property ladder, contribute towards wedding costs, or even to support them with living costs and legal ....
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