Inheritance tax update
The Treasury has announced, contrary to previous Budget statements, that the Nil Rate Band of £325,000 — the current amount of an estate that can be inherited tax free — is to remain the same until 2019 and will not increase in line with inflation. It has been widely reported in the press that more than £1bn is expected to be generated in annual tax revenue that is due to fund care for the elderly. Until now, relatively few estates are required to pay inheritance tax. However, the impact of this decision will mean that by 2019 approximately 5,000 more estates will be caught by it.
Click on the link above to download the briefing.
News from Goodman Derrick
News from The Lawyer
Briefings from Goodman Derrick
Two recent cases have considered the validity of post-acquisition covenants.
The Children and Families Bill 2012/2013 aims to improve the work-life balance for parents.
Analysis from The Lawyer
You don’t have to be a big firm to innovate and thrive in a downturn, as our look at the lower half of the UK 200 shows. We pick 10 inspiring stories
Our latest in-depth analysis of UK M&A legal bills reveals a good performance by smaller firms and success fees on the rise