< 1 min readThe law of England & Wales does not allow children to take an inheritance until they reach the age of 18. Until then, the inheritance will be managed by trustees. A trust comes into effect by operation of law until a child attains 18 years. A minor cannot hold property.
< 1 min readWhen someone under the age of 18 inherits property a “trust” is created by operation of law. A trust is a legal structure whereby people known as trustees to manage the money and assets inherited until the child turns 18 or perhaps 21 if a will imposes a higher age. A will may make specific … Read more
3 min readA trust is a legal structure created to hold assets including money, possessions, real estate and other investments for beneficiaries. Trusts created in England & Wales can be of varying types each of which is taxed in a different way. A trust will include 3 entities Why do people create trusts? A trust is created … Read more
2 min readWhen you buy a home or a piece of land in the UK, a percentage of the property price is to be paid as ‘stamp duty’. Generally, no stamp duty is levied on properties that are £125,000 or under. However, in July of last year, Chancellor Rishi Sunak had announced that the stamp duty threshold … Read more
3 min readDealing with delays from the Home Office reaching a decision on your Immigration Application? Due to the Covid-19 pandemic, the Home Office has sought to justify several reasons that delays in decision-making have arose. However, despite these reasons, whether it be a direct cause of Covid-19 and the consequences of Brexit; or simply because of … Read more
2 min readInheritance Tax is the tax on an estate of a person who has died. The estate includes everything the person owns (property, money & assets) and any property or money they had given as a gift in the seven years prior to death. If the estate’s value is £325,000 or below, no inheritance tax has … Read more
3 min readThe ‘Right to Build’ scheme was launched by the government in 2016 in an effort to improve the housing market in the UK. The whole idea was to encourage people to build or commission their own homes instead of purchasing already-built homes. Under the ‘Right to Build’ scheme, those who want to build or commission … Read more
3 min readOn the 11th November 2020, it was officially announced that the Immigration Act 2020 had received Royal Assent to end free movement on New Year’s Eve. The new Immigration Law will close the book on free movement and transform the United Kingdom’s Immigration system into a single point’s-based system consisting of tiers that offer routes … Read more
3 min readFrom 1st January 2021, UK nationals will come under some travel restrictions when visiting countries in the EU. First of all, due to COVID-19, EU countries are not allowing travellers from other countries. Now, even the UK nationals will not be allowed. However, a few individual countries in the EU may allow for restriction-free travel. … Read more
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