Has the significance of Yasmin Prest's divorce battle victory been overplayed?
The case of Petrodel v Prest has pitted family lawyers against their commercial colleagues. The former have been shouting ‘fairness’ (for families) while the latter retort ‘but that’s not company law’. As presaged among legal commentators, the Supreme Court has found a ‘third way’ to soothe the warring factions but, like many ‘third ways’, it potentially throws up more problems and more opportunities for litigation than it solves…
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The Homes and Communities Agency has removed the requirement for pre-emption rights to remain effective on shared ownership properties following final staircasing to 100 per cent ownership.
This article considers the scope of this rule and provides a checklist of the key points taxpayers should consider to benefit from this rule and avert future charges.