Commercial Property Tax (Everything You Need to Know!)
Venturing into the commercial property sphere without a deep understanding of the UK’s commercial property tax regulations could lead to significant financial pitfalls. The complexities of the UK tax system can catch you off guard, resulting in hefty unexpected charges, fines, loss of property and a tarnished relationship with HM Revenue and Customs (HMRC). This […]
Driving Without Road Tax Penalties
Driving without road tax is an offence in England and Wales. If you own a vehicle registered in the UK for use on public roads, you are required by law to pay road tax. The rules are applicable to every category of vehicle, and this is inclusive of those that have a nil rate of […]
Council Tax on Empty Property (Do You Have to Pay?)
If you own an empty property, you may be wondering if you have to pay council tax on it. For homeowners and renters, council tax rules can be difficult to understand, with various bands and rates for different types of property, and discounts and exemptions available in certain limited circumstances. But failure to pay your […]
IR35 Off-Payroll Tax Rules: Changes Affecting Private Sector
This article was published before the Government announced it would postpone the reforms from 6 April 2020 in light of the Coronavirus crisis. A new implementation date is yet to be confirmed. New IR35 rules are coming into force that apply to private sector companies in the UK. Under the new regime, private sector organisations, […]
Capital Gains Tax on Second Property (What You Need to Know!)
For owners of multiple properties, it’s important to understand the tax liabilities that arise on the disposal of residential property assets. But the rules for capital gains tax on a second property can seem daunting, not least because the capital gains rules differ between your main home and any additional properties you own. Where the […]
New Stamp Duty Land Tax Rules in Force
The time period in which to submit Stamp Duty Land Tax returns and pay the tax due on commercial and residential property transactions in England has been shortened to 14 days, under new rules that take effect today. SDLT is a self-assessed tax and liability lies with the property buyer, as such, the change in […]
Who Gets Child Tax Credits in Shared Custody?
3 minute read Last updated: 11th August 2019 The question of who gets child tax credits in a shared custody arrangement can be complicated since only one person can claim child tax credit for any one child. Both parents may feel they would benefit from receiving child tax credit and on the basis of a […]
A Guide to Inheritance Tax
Planning for the future can help to ensure that your loved ones are financially secure when you pass away and allow you to decide who receives what assets. A solicitor experienced in probate law can help you with this task and give you peace of mind for the future. One of the most important questions […]
How to Avoid Inheritance Tax
When looking at ‘how to avoid inheritance tax’, you would generally be looking at ways to reduce the size of your taxable estate while making full and effective use of IHT reliefs and exemptions. Inheritance tax becomes payable when the value of an individual’s estate, including gifts made by the deceased in the seven years […]
Inheritance Tax Rates
Understanding how inheritance tax works – in particular the rules relating to individual and married couple allowances, current thresholds and applicable inheritance tax rates – can be key to effective financial planning for the future. By planning ahead you may be able to minimise any inheritance tax liability after you die and, in turn, maximise […]
What is the Inheritance Tax Threshold?
UK inheritance tax, commonly known as IHT, is the tax payable on the transfer of assets from an estate to its beneficiaries. The current rate for IHT is 40%, which becomes payable if the estate is greater than the inheritance tax threshold once all exemptions and reliefs have been deducted. What is the inheritance tax […]
Termination Payments & Income Tax (Amendment) Regulations 2011
Well its all change in Employment Law today, one of those changes is the Income Tax (Pay As You Earn) (Amendment) Regulations 2011 coming into force which will affect the PAYE treatment of termination payments made to ex-employees after a P45 has been issued. Previously, if a taxable termination payment was made after the P45 […]
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Your Essential Guide to Everyday UK Legal Issues
Dealing with everyday legal issues can be challenging, but it’s something many of us face at some point. Whether it’s sorting out problems with a landlord or knowing your rights at work, having a basic grasp of the law can help you stand up for yourself and make better choices. Legal knowledge isn’t just for […]
Lawble – The UK’s Legal Resources Hub
Latest More On Trend Law for people Explore more UK Law A Comprehensive guide to everyday legal issues Navigate UK Law with ease. Essential tools and guidance for people and everyday consumers and self-employed: setup, tax, finance, company management, licensing, IP, environmental impact, and more. Read more On Trend Law for business Explore more Latest […]
Understanding Licensing Law: An Overview
Licensing laws provide the legal framework for regulatory compliance in the UK. As a body of law, they are used by designated authorities to ensure that certain activities are conducted legally and responsibly, with the aim of upholding standards and public safety while enabling fair competition. For businesses, licensing is not just a legal requirement; […]
Commercial Property Law: A Guide
Commercial property law encompasses a wide range of legal services related to the acquisition, disposition, leasing, development, and management of commercial properties. This field of law ensures that all property transactions and developments comply with legal standards, protecting the interests of all parties involved. This comprehensive overview of commercial property law services in the UK […]
Essential Guide to Business Start Up
If you’re starting a business in the UK, you’re at the beginning of an exciting journey of professional and personal growth. As a start-up owner, one of the areas you will quickly need to become familiar with is the legal framework that applies to your specific type of business. The UK has a comprehensive set […]
Company Law Solicitors in the UK
Company law solicitors specialise in providing legal advice and support to businesses, ensuring compliance with regulations, mitigating risks, and protecting the organisation’s interests. Whether you’re a startup or an established corporation, the guidance of a skilled company law solicitor can be the key to your business’s stability and growth. In this article, we explain the […]
Understanding Power of Attorney in the UK
Power of Attorney (PoA) is a legal document that allows an individual, known as the ‘donor,’ to appoint one or more people, referred to as ‘attorneys,’ to manage their affairs if they become unable to do so themselves. This can include making decisions about finances, healthcare, and property. Given the potential for mental incapacity due […]