What is Discharge of Contract?
Discharge of contract refers to the ending of a contractual agreement between parties. Entering into a contract creates legally binding rights and obligations for all parties to it, and by discharging the contract, those rights and obligations are no longer enforceable. This can either be because the terms of the contract have been fulfilled, or […]
What is Entrepreneurs’ Relief?
12 minute read Last updated: 16th October 2019 As an entrepreneur, either on your own or part of a company set up, you are used to taking risks in the name of business growth. With that risk comes the possibility of huge rewards, but cash flow can be critical to your success or failure. Sometimes […]
Estoppel (A Short Explanatory Guide!)
12 minute read Last updated: 16th October 2019 Estoppel is a long-established doctrine in English law which, put very simply, prevents a person who agrees one set of facts with another individual going back on their word. This article covers: Common types of estoppel Estoppel by representation Promissory estoppel Proprietary estoppel Estoppel by convention Other […]
Equity Law: An Introduction
The law of England and Wales could be described as a body of rules, some of which are defined by legislation, others that have evolved through centuries of judgments being delivered in the courts. The latter is known as the common law of the country and is based on the legal precedents or rules developed […]
What is Family Law?
Family law is an area of law that relates to family matters and involves a host of authorities, agencies and groups which participate in or influence the outcome of private disputes or social decisions involving family law. Such a view of family law may be regarded as assisting the understanding of the context in which […]
What is Divorce?
The following guide summarises the current process for filing for divorce in England and Wales. Divorce defined Divorce is the formal process by which a marriage is officially brought to an end by the court. The party to the marriage who files for divorce is known as the petitioner, while the respondent is the individual […]
How Does a Trust Protect Personal Assets?
An optimised approach to asset protection will consider a wide range of tools and structures potentially at your disposal. One item for consideration in this toolkit will be the trust. Trusts have for centuries been used for asset protection purposes. However, trusts have also been synonymous with tax planning and avoidance. For better or for […]
Asset Protection (A Useful Guide!)
Asset protection is essentially about planning now to protect for later. Without planning, your assets are likely to be at risk of exposure to a number of financial predators. This could be as a result of commercial creditors, bankruptcy, divorce or the tax man. So while the value of your assets will always be subject […]
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. […]