Blogs
How changes to Inheritance Tax reliefs could impact you
October saw one of the most anticipated Budgets that many of our clients have faced in recent years, with much speculation on the future of Inheritance Tax (IHT). And, as expected, Chancellor Rachel Reeves did indeed announce changes to both Business Property Relief (BPR) and Agricultural Proper....
Landowners beware of land thieves (otherwise known as squatters, trespassers and land grabbers).
It is extremely important that landowners understand in what circumstances unscrupulous people can steal control and ownership of their land, and/or gain legal rights over it, without having paid for that ownership or those rights. Tina Dobbs, Senior Associate, in our Commercial Property Department....
Should I wait to extend my lease?
Although the Leasehold and Freehold Reform Act became law in May 2024, most of its provisions haven’t yet come into effect. To wait or not to wait? One of the main questions our Leasehold Enfranchisement team is currently being asked by clients is whether or not it makes sense to wait u....
The Leasehold and Freehold Reform Act 2024: Your guide to the reforms
The Leasehold and Freehold Reform Act, which became law on 24 May 2024, is a long-awaited piece of legislation designed to make it easier and cheaper for leaseholders to extend their lease or purchase the freehold of their building. Despite the Act already being law, no commencement date has yet be....
Read this before taking your 25% tax-free lump sum
With speculation swirling about the Labour government’s first Budget, it is unsurprising that rumoured cuts to pension taxation are causing concern amongst savers. Currently, it is being speculated that Labour will reduce the maximum tax-free lump sum amount to just £100,000, down from the curre....
Landlord/tenant law in practice: how courts interpret the Landlord and Tenant Act 1954
The Landlord and Tenant Act 1954 (LTA 1954) provides business tenants in England and Wales with what is called ‘Security of Tenure’. Unless the parties to a tenancy/lease contract out of these ‘Security of Tenure’ provisions, tenants have the right to renew their lease on substantially the ....
Understanding settlement agreements: A guide for small businesses employers
As a small business owner, navigating the complexities of employment law can often feel overwhelming, especially when it comes to managing difficult employee situations. Whether you are facing a redundancy situation, disciplinary issue, or potential litigation, one legal tool that can provide a res....
Ground rent issues and Labour’s Renters’ Rights Bill
We have been closely following the progress of the government’s Renters’ Rights Bill, which was recently introduced to Parliament. In this blog, we will be delving further into the impact that the proposed legislation will have on flats with long leases (for example, where individuals have p....
Renters Rights Bill will be in place “around summer next year”
It is the government’s hope that the Renters Rights Bill, a landmark piece of legislation designed to outlaw no-fault evictions, will be in place by summer next year. This is according to Housing Minister Matthew Pennycook, who said to BBC Breakfast: “We hope [the legislation] will make very qu....
Securing your business legacy: The role of Wills, LPAs, and trusts in passing on a business
As a business owner, planning for the future extends beyond your retirement or exit strategy. Ensuring that your business is passed on smoothly and efficiently in the event of your death or incapacity is crucial to maintaining its value and continuity. This requires careful consideration of your Wi....
Preparing your business for sale: a comprehensive guide
Selling a business is a significant milestone that requires careful planning and strategic preparation. Whether you’re a sole trader or the owner of a larger company, preparing your business for sale is crucial to maximising its value and attracting the right buyer. In this article, our Corporate....
Exploring exit options: Finding the right path for your business
As a business owner, deciding how and when to exit your business is one of the most significant decisions you will face. Whether you're considering retirement, moving on to new ventures, or simply looking to realise the value of your efforts, understanding your exit options is crucial. The best app....
