Capital Allowances on Cars
The rules for claiming capital allowances on cars are complex. But with careful tax planning it is possible to reduce your taxable profits and tax bill by claiming the full extent of tax relief available on car purchases. Capital allowances on cars operate under different rules to capital expenditure on plant and machinery. Capital allowances […]
Capital Allowances on Buildings
For owners of commercial property that pay tax in the UK, a thorough review of all capital expenditure can yield surprising results in the form of capital allowances on buildings that can minimise your tax liability. There are many situations that give rise to eligible capital expenditure. Generally speaking, a business’ expenditure on plant and […]
Companies House Reforms Consultation Launched
The government has launched a consultation on wide-ranging reforms of the Companies House register, aimed at tackling misuse and ensuring accuracy. The proposals, set out in detail in an 80-page consultation document, are aimed at providing businesses and consumers with increased protections from fraud, misuse of information and criminal activity. The reforms also include specific […]
Employer Round-up of Latest Employment Law Changes
A number of UK employment law changes have come into force in recent weeks. Employers should take careful note of these new rules and respond accordingly. Increase in the national minimum wage The new national minimum wage rates came into effect on 1st April 2019. Employers must now pay workers at least: Aged 25 and […]
61% of Businesses have Suffered a Serious Data Breach
61% of IT professionals have experienced a data breach at their organisation, according to research by McAfee into today’s global security landscape. With responses from IT professionals in the UK, US, Australia, Canada, France, Germany, India and Singapore from a number of different industries, the survey results suggest organisations are struggling across the board to […]
Difference Between Solicitor & Conveyancer
If you are thinking about buying or selling a property you will need a good lawyer to help with the legalities. The following guide looks at how to choose the best solicitors or licensed conveyancers. Please read our extensive guide on conveyancing here >> Why do I need a solicitor or licensed conveyancer? […]
Assured Shorthold Tenancy Agreement – Landlord FAQs
If you are a non-resident landlord looking to rent out property, the following guide looks at frequently asked questions in relation to assured shorthold tenancy agreements – from what they mean to what this type of agreement should contain. What is an assured shorthold tenancy agreement? An assured shorthold tenancy agreement is a legally binding […]
Assured Tenancy Agreements: Housing Association Tenant FAQs
The following guide looks at frequently asked questions by Housing Association tenants in relation to assured tenancy agreements. Do I have an assured tenancy agreement? The most common type of tenancy agreement issued by a Housing Association is an assured tenancy agreement. You will probably be an assured tenant if your landlord is a housing […]
Before Signing A Short Term Tenancy Agreement…
Before signing a short term tenancy agreement it is important to know exactly what you are signing, not only in terms of your contractual rights under the agreement, but also your responsibilities. What is a short term tenancy? A short term tenancy is commonly referred to as either a shorthold tenancy or an assured shorthold […]
Assured Shorthold Tenancy: Guide for Landlords
In England and Wales, when renting out residential property, there are two main types of tenancy agreement: the assured tenancy and the assured shorthold tenancy. The following article examines the meaning of each type of tenancy in the context of rental options for private landlords. It also looks at how to identify what type of […]
Tenancy Agreement – Landlord Rights & Responsibilities
When renting domestic property in the private sector there are two main forms of tenancy agreement: the assured shorthold tenancy and the assured tenancy. Below we look at these different types of tenancy agreement and what they mean for landlords’ rights and responsibilities. The two main types of tenancy agreement The assured shorthold and the […]
Tenancy Agreement Form – Terms to Include
What type of tenancy agreement form will you need to use for an assured shorthold tenancy and what provisions should be within the agreement? What is an assured shorthold tenancy? An assured shorthold tenancy is the most common form of tenancy agreement for use when letting a house or flat in the private rented sector. […]
Dilapidations Claims for Residential Property Damage
When a residential property is rented out, the lease agreement should refer to the responsibilities of the tenant to maintain the property in a state of good repair. This could include requirements to carrying out standard maintenance, clean and decorate. Where the tenant fails to comply with these terms, and there is resulting damage to […]
How to Deal with Rent Arrears (Help for Tenants)
Should you fall behind with paying your rent, you run the risk of being evicted by your landlord and losing your home. Generally, your landlord will be less likely to threaten you with eviction if they can see that you are doing your best to put things right. Taking steps as soon as you come […]
Drugs Companies Accused of Breaking Competition Laws at a Cost of £5m to NHS
The Competition and Markets Authority (CMA) has accused four pharmaceutical firms of colluding illegally between 2013 and 2018 to restrict the supply and drive up the price of an anti-nausea drug. In a statement of objections, the CMA alleges the cost of Prochlorperazine rose from £6.49 per pack to £51.68 after Alliance Pharma, Focus, Lexon […]
Housing Grants – Support for Low Income Families
Housing grants are available from charities, energy suppliers, government organisations, and private sector bodies, to improve your home or assist with household bills. There are a wide range of housing grants available, depending on the kind of improvements you wish to make to your home, your location, and your personal circumstances and eligibility. Housing grants […]
Joint Tenancy Agreement: Property Rights of Shared Ownership
If you are thinking about buying a property together with your partner, a relative or even a friend, you will need to understand the basis upon which that property will be jointly owned. The following guide looks at what is meant in law by a joint tenancy agreement in the context of shared ownership property […]
What is an Assured Tenancy?
In response to the question “What is an assured tenancy?” the following guide provides an overview of this type of tenancy, including how assured tenancies are defined, together with the general rights and responsibilities for landlords and tenants under an assured tenancy agreement. What is an assured tenancy? Assured tenancies are a form of long-term […]
Rent Agreement (Terms to Include)
A rent agreement, also known as a tenancy agreement, is the contract between a landlord and tenant. The rent agreement should set out the conditions of the occupancy, including the rights and responsibilities on both sides. Generally, a rent agreement should be written. While a verbal rent agreement may still confer legal rights to both […]
What are the Different Types of Family Trust?
A family trust is a legal mechanism by which an individual can financially cater for their loved ones, essentially controlling how their family is to inherit their legacy, either during that individual’s own lifetime or upon their death. But what are the different types of family trust? Below we consider family trusts in more detail, […]